A term life insurance policy provides temporary life insurance protection for a specific period of time, usually up to 30 years.
To protect your mortgage, you may choose to buy a 15, 20, or 30 year term insurance policy to provide a death benefit to your family should you pass away before your home mortgage loan is fully repaid.
The death benefit may be used to pay off the outstanding balance on your home mortgage loan so your family members may remain in the home they shared with you.
Learn about term insurance to cover mortgage and how it can benefit you and your loved ones.