But, there is no one average price for a mortgage insurance plan.
Why? Because, the price you pay for mortgage life insurance coverage is based on your own specific risk factors, and the type and amount of mortgage life insurance you need.
However, it's easy to find out how much a mortgage insurance policy may cost you.
You can visit a life insurance website and fill out the quote request form to instantly see the lowest pricing available for mortgage life insurance from a network of leading insurance companies.
Your price, also known as premium, is based on the type of life insurance policy, the amount of insurance you need, and your own personal risk factors, which may include your age, gender, health, tobacco use, occupation, hobbies, lifestyle, family health history, etc.
Many people choose to buy a 20 or 30 year term life insurance policy to provide the protection their family needs to pay off their home mortgage upon their death.
Term life insurance offers you coverage options lasting for a term of 10, 15, 20, 25 or 30 years.
So, if you have a 30 year mortgage, you may want to compare pricing for a 30 year term life insurance policy to see how much your mortgage insurance protection will cost.
It only takes a few minutes to compare prices online for mortgage life insurance plans to help you find your average cost.