If you own a home and have an outstanding mortgage loan you may want to purchase mortgage life insurance protection.
Why do people choose to get life insurance for their mortgage?
It's simple. Mortgage life insurance can provide your surviving spouse, partner, or family member, with the funds needed to pay off the outstanding loan on your home, so the beneficiary of your life insurance policy can remain in the home after you have passed away.
How much life insurance does it take to protect a mortgage?
You'll want too find out your outstanding balance on your mortgage loan, and buy that amount of life insurance to protect your mortgage and your home for your loved ones.
How long do I need mortgage life insurance?
That depends on how long of a mortgage loan you have. So, if you have a 30 year mortgage, you'll want life insurance for 30 years. If it's a 15 year mortgage, then a 15 year life insurance plan will suffice.
Here's how you can learn more about life insurance for your mortgage, and compare mortgage life insurance rates online.