Mortgage insurance vs. life insurance
A side-by-side comparison of lender mortgage insurance and term life insurance for protecting your home.
Your mortgage details
Indicative monthly cost comparison
Lender mortgage insurance
~$188/mo
Coverage shrinks; benefit goes to lender
Term life insurance
~$33–$63/mo
Level coverage; benefit goes to family
Indicative only. Life insurance rates depend on age, health, and smoking status. Get an actual quote from Jatinder.
Cost estimates are indicative ranges based on typical market rates for a 35–45 year old non-smoker in good health. Actual premiums depend on your age, health, smoking status, and the specific insurer. This is not a quote or financial advice.
Why term life insurance wins for mortgage protection
Lender mortgage insurance is underwritten after a claim, meaning your family could be denied at the worst possible moment. Term life insurance is fully underwritten upfront, and the payout goes directly to your family so they can pay off the mortgage, cover living expenses, and make their own decisions.
Get a term life insurance quote
Jatinder will compare quotes from multiple insurers and find the right coverage for your family.
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