Keep the house in the family
A benefit sized to the mortgage means your family can pay it off or keep making payments — not sell under pressure.
Who we serve · New homeowners
Life insurance for new homeowners
You just signed for the biggest purchase of your life. The right coverage makes sure your family can keep the house — even if one of the people paying for it is gone.
Why it matters
What life insurance does for new homeowners
Almost everyone needs life insurance, and the day you close on a home is one of the clearest reasons there is. A mortgage is a decades-long promise, usually built on one or two incomes. If one of those incomes disappeared, the payment wouldn’t — and the family you bought the house for could be forced to sell it at the worst possible time.
The simplest fix is a level term policy matched to your loan: a 30-year mortgage paired with 30-year coverage, or a shorter term matched to the years left after a refinance, with a benefit large enough to pay off the balance. Many couples cover both partners, since most households count on both — whether that is two paychecks or one paycheck plus the childcare and household work the other partner provides.
It also helps to know what you already have. Private mortgage insurance (PMI) protects the lender if the loan isn’t repaid — it does not pay off your mortgage if you die. Lender-offered mortgage life insurance usually pays the lender directly, and its benefit often shrinks as the balance does. An individual policy you own pays your beneficiary, who decides how to use the money: pay off the house, keep making payments, or cover everything else.
The case for owning your coverage
Why new homeowners protect the mortgage
Match the coverage to the loan
Level term timed to your mortgage keeps the house protected until it’s paid off, with a premium that stays level.
Cover both partners
Most homes run on two people. Coverage on each partner protects the survivor, whoever that turns out to be.
Your family decides
Unlike PMI or lender mortgage insurance, a policy you own pays your beneficiary — not the bank.
Coverage that fits
Options worth comparing
Most new homeowners start with a level term policy matched to their loan — we’ll help you size it to the balance and add anything else your family relies on.
Mortgage protection
Coverage timed to your mortgage so a loss doesn’t put the family home at risk.
Learn more →Mortgage protection calculator
Plug in your loan to see how much coverage it would take to keep the house.
Learn more →Term life
Affordable, level coverage you can match to the length of your loan — and size to your income, too.
Learn more →Coverage for couples
Bought the house together? See how partners cover each other.
Learn more →Coverage for parents
Bought the house for the kids? See how parents size coverage beyond the mortgage.
Learn more →Questions we hear
New homeowners life insurance FAQ
How much life insurance do I need after buying a house?
At minimum, enough to pay off the mortgage balance. Many families add several years of income on top, so the survivor can cover everyday bills, childcare, and the rest of life — not just the house. Our mortgage protection calculator is a quick starting point, and we’ll help you land on a number that fits your budget.
Isn’t PMI the same thing as mortgage life insurance?
No. Private mortgage insurance protects your lender if the loan isn’t repaid; it doesn’t pay off your mortgage if you pass away. Life insurance you own pays your family, who can use it to pay off the house or keep making payments.
What’s the difference between lender mortgage insurance and my own policy?
Lender-offered mortgage life insurance usually pays the lender directly, and the benefit often decreases as you pay down the loan. An individual level term policy keeps the same benefit for the full term and pays your beneficiary, who decides how to use it. We’ll help you compare the two side by side.
Should both of us be covered?
Usually, yes. If the mortgage was approved on two incomes, losing either one can put the payment at risk. And a partner who stays home provides childcare and household work that would cost real money to replace. We’ll help you size coverage on each of you.
Why am I getting so much mail about mortgage protection?
Mortgage records are generally public, so it’s common for new homeowners to receive mailers from insurance agencies after closing. Those letters often mention your lender or loan amount but usually aren’t from your lender. Any licensed agent should be able to tell you plainly who they are, what the policy is, and whether it pays your family or the bank. We’re an independent agency, and we’ll explain your options without pressure.
No-pressure quote
See what coverage looks like for your family
Tell us a little about yourself and we’ll reach out with honest options — no obligation, no jargon.
- Independent — we compare multiple carriers
- Plain answers, no pressure
- Coverage built around your real needs