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Home/Services/Mortgage Protection Insurance
Your Home. Your Family. Protected.

Keep the home. Always.
Mortgage Protection Insurance

Ensure your family keeps the home if you die, become disabled, or are diagnosed with a critical illness. Mortgage protection ties your life insurance directly to what matters most.

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Key Features

What makes this
product powerful.

Coverage Tied to Your Mortgage
The death benefit is structured to match your outstanding mortgage balance, ensuring your family can pay off the home entirely.
Critical Illness Rider
If you are diagnosed with cancer, heart attack, or stroke, you can access a portion of the benefit while still living — to cover treatment or mortgage payments.
Disability Coverage Option
Add a disability income rider that pays your monthly mortgage payment if you cannot work due to illness or injury.
Return of Premium
Some carriers offer return-of-premium riders — if you outlive the policy, your premiums are refunded in full.
Fast Approval
Most mortgage protection policies are approved within 24–48 hours with simplified underwriting.
Common Questions
How is mortgage protection different from PMI?
PMI (private mortgage insurance) protects the lender. Mortgage protection insurance pays your beneficiary — your family keeps the money and can pay off the home or use it as they need.
Does the benefit decrease as I pay off my mortgage?
It depends on the policy type. Some use a level benefit (same amount for the full term); others have a decreasing benefit that mirrors your balance. We recommend level benefit policies for most clients.
What happens if I sell my home?
You own the policy, not the bank. If you sell, you can apply the coverage to your new mortgage, convert it to general life insurance, or cancel it.
Can I get covered with a pre-existing condition?
Yes. Many mortgage protection carriers are more lenient on health history than traditional life policies. We shop the market to find you the best option for your situation.

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Who It's For

Mortgage Protection Insurance is right
if you are...

Not every product is the right fit for every person. Here's who benefits most from this coverage.

New Homeowners
Those who just bought a home and want to ensure the mortgage is covered if the unexpected happens.
Sole Breadwinners
Families where one income supports the mortgage — protection is critical if that income disappears.
Refinancers
Homeowners who recently refinanced and now carry a larger balance that warrants updated coverage.

Let's find your
perfect coverage.

A licensed Stalex advisor will compare the best Mortgage Protection Insurance policies on the market — for free.

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