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| Questions? Call us at 1.800.937.9020 |
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One of the first things people usually want to know is: "How much does it cost?" We've provided some sample rates for available mortgage insurance plans below to give you a basic idea of what you can expect to pay for mortgage life insurance coverage.
Please understand that this is in no way a comprehensive list of your options and rates but designed to show you what a few popular coverage options for both $100,000 and $250,000 of coverage with full return of premium will cost. It is also designed to show you the strengths of this particular coverage type. While these rates show 30 year plans, there are less expensive plans available for 20, 15, and 10 year periods. Of course those types of coverage would end significantly sooner, so it's wise to decide exactly how long you'd want your coverage to last.
Please note: The age range represented below is between 30 and 50 years of age. Plans are available at other ages (under 30 and over 50 but are not shown.
In certain cases, it might make more sense for you to cover your mortgage with a term life insurance policy that will require a paramedical examination in which you might qualify for lower rates. This is your choice. However, in many cases the plans below offer extremely competitive rates and superior benefits for certain client profiles. After speaking briefly with a licensed insurance representative, and answering some basic questions, we can help advise and guide you in the selection and application process. Keep in mind that there are many options for every budget. We take pride in finding you the most coverage that your budget will afford. |
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The finer points: |
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The mortgage insurance plans below can be obtained without a medical. |
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All of the mortgage insurance plans below will return 100% of your premium paid if you outlive the plan's term (in this case, 30 years). |
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Typically these plans are much more liberal than standard life insurance plans and allow for such things as Diabetes (type 2), high blood pressure, high cholesterol, medications, higher weight … and more.
*All subject to underwriter approval. |
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The plans can be modified to lower benefit amounts or different term periods (example: either to 20 or 15 year coverage term) to fit your budget. |
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It's portable and you can keep the coverage if you move or sell your home. |
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The coverage is not attached directly to the mortgage. |
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Your family can be the beneficiary. |
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You can cancel your coverage at any time. (There are no contracts) |
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You can add disability coverage, critical illness coverage, to the plans at application and receive all of your premiums back if you do not use the benefits. |
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Some plans will pay your insurance premium if you are unemployed. |
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You can add an additional accidental death benefit rider or child protector rider to the policy for a few dollars more per month. |
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 Sample A: $100,000 of Level Death Benefit for 30 years |
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Returns 100% of your premium Tax Free to you if you outlive your coverage! |
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30 years guaranteed unchanging rate and coverage |
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No medical |
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Age: If still living 100% Return of Premiums at end of term:
| $100,000 of Level Death Benefit for 30 years |
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| Age |
Monthly Premium |
Total Return of Your Premium |
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| Age 30 |
$ 29.58 |
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$ 10,648.40 |
(tax free) |
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| Age 35 |
$ 36.84 |
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$ 13,264.24 |
(tax free) |
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| Age 40 |
$ 54.08 |
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$ 19,468.80 |
(tax free) |
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| Age 45 |
$ 80.59 |
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$ 29,012.40 |
(tax free) |
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| Age 50 |
$ 125.39 |
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$ 45,140.40 |
(tax free) |
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| Sample B: $250,000 of Level Death Benefit for 30 years |
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Returns 100% of your premium Tax Free to you if you outlive your coverage! |
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30 years guaranteed unchanging rate and coverage |
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No medical |
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Age: If still living 100% Return of Premiums at end of term:
| $250,000 of Level Death Benefit for 30 years |
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| Age |
Monthly Premium |
Total Return of Your Premium |
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| Age 30 |
$ 63.44 |
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$ 22,838.40 |
(tax free) |
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| Age 35 |
$ 81.59 |
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$ 29,372.40 |
(tax free) |
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| Age 40 |
$ 124.69 |
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$ 44,888.40 |
(tax free) |
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| Age 45 |
$ 190.97 |
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$ 68,749.20 |
(tax free) |
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| Age 50 |
$ 302.97 |
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$ 109,069.20 |
(tax free) |
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Plan variations are available at older ages. Benefits can be added to this plan or taken off when applying to adjust premiums to fit your specific budget. Please contact via phone or email for more in depth details.
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| Please note that these rates and plans will depend on your state's availability, personal health details, and specific age. This is meant to give you an idea of what your rates might be but is in no way a definitive offer or guarantee that you will be eligible for these rates. While we make every effort to keep our rate information current we can not fully guarantee that the posted rate will be available at the time of viewing since they are subject to change at the insurance carrier's discretion. |
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