It's life insurance you purchase to pay off the remaining balance on your home mortgage loan in case you die before the loan is fully repaid.
You select a life insurance policy with a term (duration) that matches the length of your mortgage loan.
You choose an amount of life insurance that matches the existing balance owed on your home mortgage loan.
That way, your family will have money to pay off the home mortgage if you should pass away before the loan is paid off.
This will allow your loved ones to remain in the home they shared with you.
It provides peace of mind for you and financial security for your family.
Learn more about life insurance on mortgage balance