BUYING GUIDE FOR HOMEOWNERSBUYING GUIDE FOR HOMEOWNERS
Protect your homeProtect your home
Coverage that can help while you're alive.
WHY IT MATTERS
Coverage designed for homeownership
Your home is likely your largest asset. The right life insurance policy protects it — and gives your family options even if something happens while you're still alive.
Protect your mortgage
If you pass away, your policy can provide the funds needed to pay off or maintain the mortgage — so your family isn't forced to sell their home.
Cover income & home costs
Property taxes, maintenance, utilities — a policy sized to your real expenses keeps your family's budget intact if your income disappears.
Help during a serious illness
Living Benefits may allow you to access part of your death benefit early if you're diagnosed with a qualifying illness — so you can focus on recovery, not bills.
THE CLEAR DIFFERENCE
Better than Mortgage Protection Insurance
Standard mortgage protection insurance only pays off your mortgage. Term life with Living Benefits gives your family more flexibility.
Term Life with
Living Benefits
Mortgage Protection Insurance
HOW IT WORKS
Simple steps when life changes
If a qualifying illness happens, Living Benefits may help you access part of your coverage early.
Choose coverage
Apply
Qualify for Living Benefits
Access support if needed
Choose coverage
Apply
Qualify for Living Benefits
Access support if needed
COVERAGE IDEAS
How much coverage do homeowners typically need?
Your mortgage balance is a baseline — but most homeowners also need to replace income and cover ongoing expenses.
Typical coverage
$1.0M
$100K income, $400K mortgage, single income household
$1.5M
2 incomes, $600K mortgage, dual income household
$2.0M
$150K income, $800K mortgage, family with children
Frequently asked questions
Buying a home is one of the most common triggers for getting life insurance. Your mortgage is a large, long-term obligation — if something happened to you, your family would need funds to maintain or pay off that debt.
Yes. If you qualify for a Living Benefits claim due to a covered illness, the funds can be used for any purpose — including mortgage payments, medical bills, or household expenses while you recover.
Many homeowners choose a 20- or 30-year term to align with their mortgage. That said, your overall income replacement needs and family situation should also factor into the right term length for you.
Group life insurance through an employer is typically 1–2× your salary — not enough to cover a large mortgage and income replacement. It also ends if you change jobs. A personal policy gives you the right amount and stays with you.
Start with protection built for homeownership.
Compare top-rated carriers and see how much coverage you can get — in minutes, no obligation.