Mortgage Protection
Pay off the house if the worst happens.
Term life designed around your mortgage balance — so the people you live with can stay in the home you bought together.
How it works
Mortgage protection is a term life insurance policy sized to your remaining mortgage balance and structured to your loan’s timeline. If you pass away while the policy is in force, the death benefit goes to your family — they use it to pay off the home, eliminate the monthly payment, or both.
Who it’s for
Anyone with a mortgage and people who depend on them. First-time homeowners, growing families, single-income households, anyone who would rather know the people in the home would be able to keep it without having to choose between paying the bank and grieving.
Optional riders
Most of our mortgage protection policies can be paired with living-benefit riders that pay out for terminal, chronic, or critical illness — so the same policy that covers death can also cover the diagnosis that would have wiped out the family’s savings.
Frequently asked
Is this the same as PMI?
No. PMI protects the bank if you default. Mortgage protection life insurance protects your family if you pass away — they get the money, not the lender.
How much coverage do I need?
A typical recommendation is to match the remaining mortgage balance, sometimes plus a small cushion for closing costs and a few months of household expenses. Your agent can run the numbers in five minutes.
How fast can I get covered?
Many of the carriers we write with offer accelerated underwriting — a same-day decision with no medical exam if you qualify based on age, health, and coverage amount.
Ready to talk through it?
Not sure how much coverage to ask for? Run the coverage calculator first — it takes about two minutes and gives you a defensible number to walk into the conversation with.
When you’re ready, a licensed PlondoLife agent in your state can pull rates from every carrier we’re appointed with and show you the case that fits. Request a quote or send us a note.
Important disclosures
This page is for general educational purposes only — not insurance, tax, or legal advice. PlondoLife is a licensed brokerage; policies referenced here are issued by third-party carriers, not by PlondoLife. Eligibility, premiums, riders, benefits, and product availability vary by carrier, age, health, state of residence, and underwriting. Quotes are illustrative and are not a binder of insurance. Indexed crediting (where applicable) is subject to caps, participation rates, and floors set by the issuing carrier; past index performance does not guarantee future credits. Withdrawals, policy loans, and surrender charges may reduce the death benefit and have tax consequences. Life insurance and annuities are not deposits, not FDIC-insured, and not bank guarantees — any guarantees are obligations of the issuing carrier and depend on that carrier’s financial strength and claims-paying ability. See our Licensing & Disclosures for the complete list.