Mortgage Protection Life Insurance
Protect the Home They Love—No Matter What Happens.
Mortgage Protection Life Insurance is designed to help ensure your family can stay in their home if the unexpected happens. If you pass away, the policy provides a tax-free benefit that can be used to pay off or cover mortgage payments—so your loved ones don’t have to face financial uncertainty during an already difficult time.
At My Family Protected, mortgage protection is about preserving stability, comfort, and peace of mind when it matters most.
How Mortgage Protection Life Insurance Works
Coverage is typically set to match your mortgage balance
Affordable fixed monthly payments
A tax-free payout to your chosen beneficiary
Funds can be used to pay off the mortgage or cover monthly payments
Protection during the most financially vulnerable years of home ownership
Your family chooses how the benefit is used—not the lender.
Why Families Choose Mortgage Protection
For many families, the home is their largest investment—and their safe place.
Mortgage protection helps your loved ones:
Stay in the home they love
Avoid foreclosure or forced relocation
Focus on healing instead of finances
Maintain stability during a difficult time
It’s one less worry for your family when they need comfort the most.
Who Mortgage Protection Is Best For
Mortgage protection may be a good fit if you:
Have a mortgage or significant home loan
Want affordable coverage during key earning years
Are raising a family or supporting a household
Want simple, focused protection tied to your home
It’s often used by new homeowners, growing families, and anyone wanting targeted coverage.
Flexible Coverage from Trusted Carriers
Mortgage protection policies are typically built using term life insurance, but may also be structured with other permanent options depending on your goals. At My Family Protected, we work with multiple A and A+ rated carriers, allowing us to compare options and customize coverage that fits your mortgage, budget, and long-term plans.
Mortgage Protection FAQs
What is mortgage protection life insurance?
Mortgage protection is life insurance designed to help pay off or cover mortgage payments if the policyholder passes away.
Does the benefit go to the bank?
No. The benefit is paid to your chosen beneficiary, who decides how to use the funds.
Is mortgage protection required?
No. Mortgage protection is optional, but many families choose it to add an extra layer of security.
Is mortgage protection expensive?
Mortgage protection is often very affordable, especially when structured as term life insurance.
Can it cover more than just the mortgage?
Yes. While designed for mortgage protection, the benefit can also be used for other household expenses if needed.
How quickly are claims paid?
We use only A-rated carriers and benefits are paid within 24–48 hours once a claim is approved.
Who should consider mortgage protection?
Anyone with a mortgage who wants to ensure their family can remain in their home if the unexpected occurs.