Mortgage
Term Life Insurance covers you for a specified term (from 10 to 30
years, typically). If you die within the term, your
beneficiary receives the stated death benefit of the policy.
Mortgage Term Insurance normally requires no medical underwriting as
well. Mortgage
term life insurance is a reducing term life insurance policy which
guarantees that if you die your mortgage will be paid in full.
The coverage decreases as the mortgage balance declines and it is
recommended for the borrower to have a mortgage life insurance
policy. Mortgage life insurance provides a safety net for your
family should you or your spouse pass away and pays out a guaranteed
cash sum during if you die the policy term or are diagnosed with a
terminal illness with less than 12 months to live within this
period.
Life Insurance Calculator
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Enter your current assets, expenses,
income and let us determine how much
life insurance you need.
