It's a price estimate of how much it will cost to buy mortgage life insurance for a certain amount of protection, based on your specific factors, including your age, gender, health, amount of insurance needed and duration of your life insurance policy.
If you have a 30-year mortgage, you'll want a 30-year mortgage payoff life insurance policy.
The amount of insurance you need is equal to the amount you currently owe on your home mortgage loan.
You can compare mortgage payoff life insurance quotes by visiting a life insurance website and filling out a Quote Request Form, then you just click on the button and you instantly see the lowest pricing available from a list of leading life insurance companies.
Here's how to compare mortgage payoff life insurance quotes online.