Mortgage protection insurance

Your home is probably your most valuable asset. Mortgage protection insurance ensures your family keeps the house if you're gone — no matter how much is left on the mortgage.

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Agent tip

Buying when you're young and healthy is the best financial decision. The premium rises with age and health status.

What's included?

Mortgage balance payoff

The benefit covers your remaining mortgage balance so your family doesn't lose their home.

Disability coverage

Some policies include monthly payments if you become disabled and cannot work.

Critical illness

Accelerated benefit if you are diagnosed with cancer, heart attack or other covered critical illnesses.

Key benefits

The home is paid off

Your beneficiaries receive the money to pay off the mortgage, with no strings attached.

Covers the actual balance

Coverage can be adjusted to follow your mortgage's decreasing balance over time.

Complements your life insurance

Can work alongside existing life insurance to reinforce home protection.

Frequently asked questions

Is this the same as private mortgage insurance (PMI)?

No. PMI protects the lender if you stop making payments. Mortgage protection insurance protects you and your family by paying off the debt if you die or become disabled.

Do I need a medical exam?

It depends on the insurer and coverage amount. Many mortgage protection policies don't require a medical exam, only basic health questions.