Mortgage Term Life Insurance

Mortgage term life insurance is designed to pay a benefit equal to the outstanding balance of a home mortgage loan in the event of the insured's death. The type of insurance that is used for this coverage is decreasing term life insurance.

Who is Eligible?

  • Individuals who have closed on a new first mortgage or refinance within the past 13 months are eligible.
  • The borrower and co-borrower may apply together.

What Loan Types are Approved?

  • First mortgage loans
  • Refinanced loans
  • Variable rate loans
  • ARM loans
  • Certain balloon loans
  • Certain construction loans

How Much Coverage is Available?

  • The minimum amount is $50,000. The maximum amount is 125% of the mortgage amount, up to a maximum of $500,000.
  • Available term lengths are 15, 20, 30 and 40 years.

How to Apply?

  • Complete the form on this page to have a licensed QuickQuote representative contact you with quotes and assist with the online application.

More Information

View our Mortgage Term Life Insurance Brochure.

Mortgage Term Life Insurance

Apply for Mortgage Term Life Insurance

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