Mortgage Life Insurance Quotes

Get a quote now.

Mortgage Life Insurance is a form of term insurance that is purchased by homeowners to protect their home in the event of the untimely death of one of the homeowners.

Mortgage Life Insurance provides coverage for a specific period of time. Most policies will cover 2 people, and a few companies offer plans that will insure up to 4 people, assuming all parties covered have their names on the mortgage.

Usually, mortgage life insurance is a "First to Die" policy.  In other words, if any of the insured people named on the policy die, the death benefit is paid to the beneficiary.

Once the death benefit is paid, there is no longer any life insurance in force for the surviving spouse.  If the original amount of coverage selected was adequate this may not be an issue.  However, often the surviving spouse still needs coverage, even though the mortgage is paid.  In this scenario a new application is needed.

Mortgage Life Insurance is usually sold by most banks and mortgage companies.  It is a very profitable product for the following reasons:

• It only covers the balance on your mortgage. As the balance declines, the death benefit also decreases.
• The lender is the beneficiary of the policy. If the insured dies during the term of the policy, the mortgage will be paid off with the death benefit.
• The surviving spouse, or heirs don't have a choice how the death benefit is used. If you sell your house, you no longer have an insurance policy. This could be an issue if you want to buy another house and your health statue has changed.
• It is often more expensive than regular term life insurance

We offer Mortgage Life Insurance from companies that provide more flexibility.  For many people we are able to provide mortgage payment coverage in case you become disabled at a nominal cost.

We have also identified plans that allow you to name the beneficiary of your policy, and with our plans, you can still keep your coverage if you sell your home.

Complete the form below and we will help you identify the plan that best suits your needs.

Mortgage Life Insurance Quotes

Name First Name: Last Name: Insurance Requested Type of Insurance: Select Type Term Insurance Whole Life Single Premium Burial Insurance Amount Requested Select Amount Burial, 5000 to 25000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 800,000 850,000 900,000 950,000 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 1,500,000 1,750,000 2,000,000 3,000,000 4,000,000 5,000,000 Purpose: Select Purpose Family's security after death Replace Existing Insurance Supplement Policy from work Payoff Mortgage and Debts Child's Education Estate Planning/Taxes Build Cash Value Length of term: Select Length 30 years 25 years 20 years 15 years 10 years 5 years Whole Life Personal Information Date of Birth: 01 02 03 04 05 06 Month 07 08 09 10 11 12   01 02 03 04 05 06 07 08 09 10 11 12 13 14 Day 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31   1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 Year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Gender: Select Male Female Address: City: State: Select State Select State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Zip Code: Phone:  -  -    Ext.  Best time to call: Choose Time 7 A.M. to 9 A.M. 9 A.M. to 11 A.M. 11 A.M. to 1 P.M. 1 P.M. to 3 P.M. 3 P.M. to 5 P.M. 5 P.M. to 7 P.M. 7 P.M. to 9 P.M. 9 P.M. to 11 P.M. Alternate Phone:  -  -    Ext.  Best time to call: Choose Time 7 A.M. to 9 A.M. 9 A.M. to 11 A.M. 11 A.M. to 1 P.M. 1 P.M. to 3 P.M. 3 P.M. to 5 P.M. 5 P.M. to 7 P.M. 7 P.M. to 9 P.M. 9 P.M. to 11 P.M. Fax Phone: Email Address: Health Information Tobacco Use: Select None, Ever None in last 5 years None in last 3 years None in last 1 year Pipes and cigars only Cigarettes Nicotine patches and gum Height 4"8" 4'9" 4"10" 4'11" 5'0" 5'1" 5'2" 5'3" 5'4" 5'5" Select 5'6" 5'7" 5'8" 5'9" 5'10" 5'11" 6'0" 6'1" 6'2" 6'3" 6'4" 6'5" 6'6" 6'7" 6'8" 6'9" 6'10" 6'11" 7'0" 7'1" 7'2" Weight lbs. Have you EVER been treated for cancer, diabetes, or cardiovascular disorders in your life? If yes, please describe Have parents or siblings been treated for cancer, diabetes, or cardiovascular disorders prior to Age 60? If yes, please describe What medications are you taking? If yes, please give dosage and frequency Have you had 2 or more moving violations in the last 2 years or any DUI's in the last 5 years? If yes, please describe Amount of Current Life Insurance: Current Life Insurance Companies: Current Monthly Life Premium: Will new policy replace present insurance: Yes    No Comments or Questions