Actually, with mortgage payoff life insurance you choose a duration of coverage that equals the length of your home loan - from 10, 15, 20 or 30 years.
And, you select an amount of coverage that equals the outstanding balance on your home loan.
That way, if you pass away, your family has the funds needed to pay off the mortgage loan and remain in the home they shared with you.
Mortgage payoff insurance gives you the peace of mind knowing your family's future is secure and they will be able to keep the home in which they created so many memories with you.
Learn more about Insurance on Mortgage in Case of Death.