Mortgage Credit Life Insurance

What is credit life insurance for a mortgage?

It's life insurance you take out when getting a mortgage to protect the lender in case you pass away before your mortgage loan is fully repaid.

You select an amount of life insurance equal to the amount of your home loan, and for a duration equivalent to the term of your home loan.

If you pass away before the loan is paid off on your home mortgage, the credit life insurance pays the lender so your family may remain in your home.

Learn more about mortgage credit life insurance coverage and how it works.