Term life insurance policies can leave your beneficiary the money they need to pay off the remaining balance on your home equity loan when you die.
With term life mortgage payoff plans you can choose the duration (term) that matches the duration of your loan, and choose an amount of life insurance that matches the amount you currently owe on your home equity loan.
That way, should you die before the loan is paid off, your family will have the money needed to pay the loan off and remain in the home they shared with you.
Here's how to get mortgage insurance on your home equity loan.