How Much Mortgage Protection Does Your Family Need?
Enter your mortgage details and see exactly how much coverage would keep your family in their home.
Pay Off Your Mortgage
Term Life InsuranceRecommended Coverage
$0
20-Year Term
Pays off your entire mortgage so your family keeps the home free and clear. Best for applicants under 65 in good health.
Protect Your Family's Runway
Whole Life Equity ProtectionGives your family time to make decisions without the pressure of immediate mortgage payments. Available at any age with no medical exam on most plans.
Coverage Comparison
Your Mortgage Over Time
How your remaining balance decreases and where your coverage fits in.
Understanding Mortgage Protection
If something happens to you, your mortgage does not go away. Your family still owes every remaining payment. Mortgage protection insurance ensures they can stay in the home without scrambling to cover the monthly payment or being forced to sell.
There are two main approaches. Term life insurance is designed to pay off the full remaining balance, giving your family the home free and clear. Whole life equity protection provides several months of mortgage payments as a financial runway, giving your family time to make decisions without pressure. This option is especially valuable for older homeowners or those with health conditions who may not qualify for term.
As an independent brokerage, Asurgo compares plans from 25+ top-rated carriers to find the best rate for your age, health, and coverage needs. There is no cost for a quote, and no obligation.
Frequently Asked Questions
What is mortgage protection insurance?
Mortgage protection insurance is a type of life insurance that helps your family keep the home if you pass away. The death benefit goes to your beneficiary, who can use it to continue making mortgage payments or pay off the loan entirely.
What is the difference between term and whole life mortgage protection?
Term life covers you for a set period, typically 10 to 30 years, and is designed to pay off the full mortgage balance. Whole life equity protection is permanent coverage that provides your family with several months of mortgage payments, giving them time to make decisions. Whole life is often a better fit for older applicants or those with health conditions.
Do I need a medical exam for mortgage protection?
Most term policies up to $500,000 in coverage offer simplified underwriting with no medical exam. Whole life equity protection plans typically require no medical exam at all.
How much does mortgage protection insurance cost?
Monthly premiums vary based on your age, health, coverage amount, and policy type. Term is generally less expensive per dollar of coverage. Asurgo compares 25+ carriers to find the most competitive rate for your situation.
What happens to my mortgage if I pass away?
Your mortgage does not disappear. Your family becomes responsible for the payments. Without mortgage protection, they may need to sell the home to cover the remaining balance.
Can I get mortgage protection if I'm over 60?
Yes. Term life is available to most applicants up to age 70 to 75 depending on the carrier. Whole life equity protection has no upper age limit on many plans and does not require a medical exam, making it accessible for older applicants.