Mortgage Life Insurance

Take a moment to contemplate life.

By purchasing mortgage life insurance, you take the steps necessary to ensure that your loved ones will continue to have a place called home if you're no longer there to provide for them.

Pays off your mortgage...

The Mortgage Life Insurance plan is designed to pay off the outstanding mortgage balance on your home if you die during the term of the loan.

Even if you already have life insurance...

This plan offers you an affordable way to make sure the benefits won't have to be used to pay off your mortgage. Because Mortgage Life Insurance takes care of your outstanding mortgage loan, existing life insurance you may have can be used to cover other expenses like monthly bills, a college education or retirement.

Affordably priced

The monthly premium for Minnesota Life's Mortgage Life Insurance is among the most competively priced of any mortgage life product found in the marketplace.

Covers most causes of death

Mortgage Life pays a benefit for any cause of death, except suicide in the first two years of coverage.

Coverage for spouse or co-borrower for half price

Many households rely on two incomes to make ends meet. Mortgage Life provides a way to insure against the loss of a working spouse or co-borrower at a premium that is half the cost of the premium rate of the oldest of the joint applicants.

Easy to apply -- convenient to pay

As long as you're a homeowner under age 65, you're eligible to apply. Once your coverage is approved, your premium will be automatically billed and collected with your monthly mortgage payment, so there's no extra bill to bother with each month.

You send no money now

There's absolutely no risk in applying for the Mortgage Life Insurance Plan. You may cancel your coverage at any time. Once you've been approved for coverage, a policy or certificate of insurance will be sent to you that contains all coverage details. You'll have 30 days to look it over. If you decide this coverage isn't for you, simply return the policy or certificate to us and your coverage will be canceled. If any premiums were paid in that time, they will be promptly returned.

Take a moment to contemplate what Mortgage Life Insurance could mean to your family and loved ones. It's an act of generosity they'll never forget.