The amount you pay for your mortgage life insurance policy will depend on several factors, including the duration of your mortgage - is it a 15, 20 or 30 year loan?
Also, the amount of the mortgage - the higher the mortgage loan, the larger the amount of life insurance you need, and the higher your rate for your mortgage life insurance policy.
In addition, your own risk factors will impact your cost of mortgage life insurance, including your age, gender, health, occupation, hobbies, family health history, driving record, height-to-weight ratio, lifestyle, if you smoke or not, etc.
All of these risk factors may impact how long you are expected to live. The longer your life expectancy, the lower your rate for life insurance for your mortgage.
Make sure you compare rates from several insurers before choosing your plan because prices do vary among insurers.
Also, consider paying your premiums annually (one per year) as annual premium payments may end up costing you a little less than paying monthly.
You will have the option of choosing a term (duration) for your mortgage life insurance policy of 10, 15, 20, 25 or 30 years. Make sure you get at least the same duration as your existing mortgage loan - which may be 20 or 30 years.