Life Insurance Designed for Your Home's Security
Mortgage protection insurance is a specific type of life insurance (often term) created to pay off your mortgage if you pass away unexpectedly. Unlike PMI (private mortgage insurance), which only protects the lender, mortgage protection puts your family first-providing a payout so they can stay in the home you've worked so hard to provide.
Protect Your Family's Biggest Asset
Your home is likely your largest investment and your family's sanctuary. Mortgage protection insurance guarantees that, should the unthinkable happen, your loved ones can pay off the mortgage and remain in their home, free from financial worry or forced moves.
Simple, Targeted Coverage
Fits Your Loan
Typically, you match your policy amount and term to your mortgage. For example: if you have a $250,000 mortgage with 25 years to go, you can get a 25-year, $250,000 term policy dedicated to mortgage protection. If you pass away during that period, your family receives a lump sum to pay off the house.
Premiums are usually modest, especially for healthy homeowners, and are just a fraction of your monthly mortgage payment.
Custom Plans for Any Situation
- Get a dedicated mortgage protection policy, or roll this protection into your overall life insurance plan.
- Choose between level term (fixed payout) or decreasing term (benefit matches mortgage balance).
- Optional riders: living benefit (advance payout in case of terminal illness), disability riders (if available).
We help you compare options so you get the right coverage, no overpaying, and no confusion.
Your Mortgage Protection Questions, Answered
Do I need mortgage protection if I already have life insurance?
Possibly-it ensures a specific amount is earmarked for the mortgage, taking the guesswork out of "will there be enough?"
How is this different from PMI?
PMI protects the lender; mortgage protection insurance benefits your family directly.
How much does it cost?
Often less than $1 a day for healthy applicants-much less than a mortgage payment.
Can I get this after closing?
Yes-any time you have a mortgage, you can set up this coverage.
You've Secured the House
Now Secure Their Future in It
Start the conversation about mortgage protection insurance with Holmes Insurance Services. We make it simple and affordable to guarantee your family always has a place to call home.