How much mortgage life insurance is needed?

How do you determine how much mortgage life insurance you need?

If you want to provide protection for your family to help pay off your mortgage if you die, consider the amount of your mortgage.

What is your outstanding mortgage loan and for how many years will you be paying on your mortgage?

Then, consider a life insurance plan to protect your family for that time-frame, and amount of protection.

For instance, if you have a 30 year mortgage for $250,000 then you may want to consider a 30 year level term life insurance plan for at least $250,000 of coverage.

That way, if you die during the 30 years, your family would receive the $250,000 of life insurance death benefits and could use the money to pay off the outstanding mortgage.

Here's how o learn more about mortgage life insurance and compare plans and rates from several highly-rated insurers online.

NEW! Here’s How to Buy up to $250,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.



Disclosure: Compensated Affiliate