How Much Is Mortgage Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If you are purchasing regular life insurance with the intent of using it to pay off your mortgage, you can find quotes for that by visiting websites on the internet that offer quote engines. E.g. If you have a 15 year mortgage of $200,000 you can shop for a 15 year term life insurance policy to cover it. The death benefit and premium will stay level for the full term, so that if you passed away when your house is nearly paid off, your beneficiary can use the life insurance proceeds for other needs.
    Answered on December 10, 2013
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