Protect your mortgage & family with the right life insurance.
Find the right insurance to protect your home, family, and more—some policies less than $1/day.
We shop with highly rated insurance companies to save you time & money.
Why buy term life insurance to protect your mortgage?
Mortgage life insurance can only pay off your outstanding mortgage if you pass away. Term life insurance, however, can provide even more peace of mind for your loved ones if something were to happen to you. Not only does term life insurance help cover the cost of mortgage payments, but it can also help pay for end-of-life expenses, outstanding debts, your children’s college education, and more.
Why SelectQuote?
Regardless of the type of coverage you’re looking for, our team of experienced licensed insurance agents can help you find a policy that’s right for your needs and budget.
Affordable
Some policies cost less than $1/day and include same-day coverage—no medical exam required.
Easy
In as little as 15 minutes, we can compare plans from multiple highly rated carriers on your behalf to find the right policy for you.
Trusted
More than 2 million customers have trusted us to secure life insurance for their family for nearly 40 years.
Term Life Insurance vs. Mortgage Life Insurance
Traditional Term Life Insurance | Mortgage Life Insurance | |
|---|---|---|
Coverage | The coverage amount remains fixed over the lifetime of the policy, so as your mortgage decreases, the more flexible your term coverage becomes. | Coverage correlates to the balance of your mortgage, so as your mortgage decreases, so does your coverage amount. |
Flexibility | Can be used for a variety of expenses, including debt, mortgage payments, funeral expenses, medical costs, household expenses, and more. | Can only be used toward paying down an outstanding mortgage after the policyholder passes away. |
Cost | Typically the most affordable type of life insurance policy. | Typically more expensive than traditional term life insurance. |