Life Insurance for Homeowners?

What is the name of the insurance that I am wanting?

My husband and I are homeowners.

I want to purchase the type of life insurance that - in the event that one of us dies - the insurance will PAY OFF our mortgage. What is this insurance called?

It's called mortgage life insurance. This is a type of life insurance for homeowners that provides the money you need to pay off the outstanding mortgage on your home if you should die.

You can buy a separate mortgage life insurance policy for both you and your spouse.

Mortgage term life insurance can provide level rates and coverage for up to 30 years so you or your spouse will have the money you need to pay off the mortgage if you die before the loan is repaid.

Here's how to get Mortgage Life Insurance to protect you family and your home.

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Disclosure: Compensated Affiliate