Mortgage Protection Insurance
Coverage built around your actual mortgage, so the people you love can keep the home you worked for — without the sales pressure.
Get a Free QuoteWhat Mortgage Protection Actually Does
Mortgage protection insurance is a life insurance policy sized to your mortgage balance. If something happens to you, it’s designed to help your family keep the home — rather than face a decision about selling it under pressure. It’s not the same as PMI or your homeowners policy; those protect the lender and the structure. This protects your family’s ability to stay put.
Who this fits
Homeowners who want the mortgage specifically covered, new buyers within the first couple of years of closing, and anyone who wants coverage in place quickly and doesn’t want the payout tied only to the lender.
What to know before you buy
A traditional term life policy can often cover the same need at a lower cost, with the payout going directly to your beneficiaries rather than the lender. We’ll walk through both options honestly so you choose what actually fits your situation.
How We Help
- Review your current mortgage balance and term to size coverage accurately
- Compare mortgage protection against a standalone term life policy side by side
- Explain riders that may cover disability or job loss, if relevant to your situation
- Coordinate with your mortgage file if you’re a Jhenesis Mortgage client, so your loan and your protection are handled by one advisor
Frequently Asked Questions
Is mortgage protection insurance required to get a mortgage?
No. It’s optional. Lenders may require homeowners insurance and, in some cases, private mortgage insurance (PMI) — those are different products that protect the property and the lender, not your family’s ability to keep the home.
Do I need a medical exam to qualify?
Many mortgage protection policies don’t require a full medical exam, which can make them faster to obtain than traditional life insurance — though this can also mean a higher premium for a healthy applicant. We’ll help you weigh that trade-off.
What happens to the policy if I refinance or sell?
Since the policy isn’t attached to the loan itself, refinancing or paying off your mortgage doesn’t automatically cancel it — but it’s worth reviewing your coverage any time your loan balance changes significantly.