Mortgage Life Insurance Definition

The Dictionary of Insurance Terms and Definitions

Mortgage life insurance is a type of life insurance coverage that pays the outstanding balance on a mortgage in the event of the mortgager's death. It is usually a decreasing term life insurance policy wherein the coverage amount decreases as the unpaid balance of the mortgage decreases.

First time life insurance shopper?

What you NEED to know about life insurance

Types of life insurance

Buy life insurance... but why?

7 money-saving insurance shopping tips

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

A few of the carriers we quote

For assistance call 1-800-823-4852 7am–6pm M–Th, 8am–5pm Friday (Pacific time).
Copyright © 2002-2012 Pinney Wholesale Insurance Services - All rights reserved. 2266 Lava Ridge Court, Roseville CA 95661.

R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.