Can I buy death insurance for my home loan?

Yes. Many home owners buy term life insurance to provide protection on their home mortgage loan in case they die before the mortgage is fully repaid.

Usually, a home owner would select a term life policy with a policy term (duration) that matches the length of time they have the mortgage loan; such as, 15, 20, or 30 years.

In addition, you would select an amount of life insurance protection that matches the amount of money still owed on the home loan.

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