They are an estimate of the cost for purchasing mortgage life insurance to protect your mortgage loan and payoff the mortgage if you should die before the loan is fully repaid.
You can request and compare the lowest prices on mortgage life insurance over the internet by visiting a life insurance website and filling out a quote request form which takes less than 1 minute.
Upon finishing the quote request form, you just click on a button and instantly receive your free quotes for the most affordable mortgage life insurance plans available from a network of leading insurance carriers.
You'll want to compare pricing for a term (duration) of coverage that matches the length of time your mortgage loan will last - usually for a term of 10, 15, 20 or 30 years.
In addition, compare pricing on a coverage amount that matches your outstanding balance on your home mortgage loan.
Here's how to get a life insurance mortgage quote.