If you're looking for insurance to pay off your home mortgage upon your death, you'll want to consider mortgage payoff insurance.
You can select an amount of coverage that matches the amount of your outstanding mortgage loan balance.
Also, choose a duration of coverage that matches your mortgage loan - 15, 20 or 30 years.
That way, you are fully covered for the entire duration of your mortgage loan, in case you pass away.
You can name your spouse, family member, or anyone else as your beneficiary of the insurance policy.
Upon your passing, your beneficiary receives the death benefit, and can use the proceeds to pay off the mortgage and remain in the home.
Learn more about insurance that covers your home loan if you die.
You can select an amount of coverage that matches the amount of your outstanding mortgage loan balance.
Also, choose a duration of coverage that matches your mortgage loan - 15, 20 or 30 years.
That way, you are fully covered for the entire duration of your mortgage loan, in case you pass away.
You can name your spouse, family member, or anyone else as your beneficiary of the insurance policy.
Upon your passing, your beneficiary receives the death benefit, and can use the proceeds to pay off the mortgage and remain in the home.
Learn more about insurance that covers your home loan if you die.
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