Without coverage
6 months
before savings run out.
TodayPaid off 2050
- Still owed then
- $282,500
- Payments left on one income
- 282
Mortgage protection
Keep the house in the family.
Life insurance sized to your home loan. If you pass away, it pays your family so they can pay off the mortgage.
The mortgage outlives the paycheck.
A home loan runs 15 or 30 years. A paycheck can stop any day. The bank still expects the payment.
PMI protects the lender, not your family. Coverage through work often ends with the job. Mortgage protection is a policy you own, paid to the people you name.
What a policy can include
- Death benefitCore
A lump sum paid to your family.
- Terminal illnessSome plans
Use part of it early after a terminal diagnosis.
- Chronic illnessSome plans
Use part of it if you need daily care.
- Critical illnessSome plans
Use part of it after a heart attack, stroke or cancer.
- Return of premiumSome plans
Get your premiums back if you outlive the term.
Features vary by carrier and state.
What happens to the house?
Set the sliders to match your loan. Compare how long savings would last with what a policy could do.
Your payment, about$1,957/moPrincipal and interest at 6.5%
With a $285,000 policy
$285,000
paid to your family.
TodayPaid off 2050
- Still owed if they pay it off
- $0
- Stays in the monthly budget
- $1,957/mo
Illustration only, not a quote. Payment estimate assumes a 6.5% rate and leaves out taxes and insurance. Coverage assumes an approved policy in force. Real numbers depend on your age, health, tobacco use and the carrier.
How it works
- 1
Tell her about the house
Your balance, the years left, and who lives there. Use the form, or call or text.
- 2
Compare real quotes
Savannah shops several carriers and shows you the options side by side.
- 3
Choose what fits
She helps you apply over the phone. No obligation.
Meet Savannah Ellis
An independent licensed agent with Ellis Protection Agency. She works on one thing: mortgage protection.
She is not tied to one insurance company, so you can compare before you choose. Everything happens over the phone.
Licensed in
- AL
- HI
- LA
- MS
- NC
- SC
- TN
- TX
- VA
- WA
Carriers she works with
Foresters, Mutual of Omaha, Kansas City Life, Liberty Bankers, Corebridge, United Home Life, American Home Life, SBLI, F&G, CICA
NPN 21700163
Get your free quote
A few quick questions. Savannah follows up with real quotes. No obligation.
Questions
Still unsure? Call or text (228) 697-3239.
What is mortgage protection?
It is life insurance sized to your home loan. If you pass away while the policy is in force, it pays a lump sum to the people you name. They can use it to pay off the mortgage, keep making the payments, or cover something else. The money goes to your family, not to your lender.
Is this the same as the PMI on my loan?
No. PMI protects your lender if the loan goes unpaid. It pays your family nothing. Mortgage protection is a policy you own, and it pays the people you choose.
Why am I getting letters about this?
Mortgages are public record, so new homeowners get a lot of mortgage protection mail. Those letters come from insurance agencies, not from your bank or the government. You are never required to buy this to keep your loan.
What if I get sick instead?
Some plans include living benefits. After a qualifying terminal, chronic or critical illness, you may be able to use part of the death benefit early to keep up with the mortgage and bills. What is included depends on the carrier and your state.
Do I need a medical exam?
Not always. Some plans approve you from a phone interview and a few health questions. Others ask for an exam. Savannah will tell you which options fit your health before you apply.
What does it cost?
It depends on your age, health, tobacco use, the amount of coverage and the length of the term. Savannah runs your real numbers with several carriers. The quote is free and there is no obligation.
Do you work with my lender or a government program?
No. Savannah is an independent licensed life insurance agent. She is not your lender and is not connected to any government agency, HUD, FHA or the VA. If you buy a policy, the insurance company pays her a commission. It is not added to your premium.