How Much Does Mortgage Life Insurance Cost? 
Mortgage Life Insurance sold by most life insurance agencies is simply Term life insurance . The face amount does not decrease , so that if you pass away 20 years into the policy and 3/4 of your mortgage is paid off , your beneficiary can keep that 75 % of the death benefit to use for other purposes . The prices are very reasonable because this type of policy is sold everywhere and there is lots of competition . To find the cost of this mortgage life insurance , go to an online life insurance agency advertising `` instant quotes '' and run quotes to your heart 's content . 