Is there life insurance to pay off the balance on my home mortgage loan?

Yes. There are term life insurance policies available that can help to provide the funds needed to pay off your remaining balance on your mortgage should you die before it is fully repaid.

Term life allows you to select coverage for a duration of 10, 15, 20, 25 or 30 years to match the duration of your mortgage loan.

And, you can select the amount of coverage that matches the amount you currently owe on your mortgage.

The pr...

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What is life insurance for mortgages?

A term life insurance policy provides temporary life insurance protection for a specific duration, usually up to 30 years.

To protect your mortgage, you may want to choose a 15, 20, or 30 year term insurance policy to provide a death benefit to your family members should you pass away before your home mortgage loan is paid off.

The death benefit may be used to pay off the outstanding balance on your mortgage so your family members may remain in the home they...
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