One of the cheapest and most popular ways to protect your mortgage loan is to buy term life insurance.
Term life offers a death benefit paid out to your beneficiary upon your death.
You can choose coverage to last for a period of 10, 15, 20, 25 or 30 years to match the duration of your mortgage loan.
Your beneficiary can use the death benefit to pay off the remaining balance on your mortgage upon your passing.
Learn more about finding cheap mortgage protection for your home mortgage loan.