There is a type of insurance for mortgages that is required for government backed mortgages, or if you cannot make over a 20% down payment on a private loan for your home. This is called PMI, or Private Mortgage Insurance.
Private mortgage insurance pays the lender of your mortgage loan if you are unable to make your mortgage payments. This is the difference from buying voluntary Life Insurance that would pay off your mortgage if you died. Your own life insurance policy would pay the death benefit to the beneficiary of your choice; whereas, PMI pays the lender.
Learn about the benefits of mortgage life insurance and how it may be more affordable than mortgage insurance plans that protect the lender.