Mortgage Life Insurance Quotes (2022 Update)
Posted in Mortgage Protection Insurance last updated on June 19, 2022Fill out our quoter to compare the top mortgage life insurance companies.
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Table Of Contents
- How Much Does Mortgage Life Insurance Cost?
- Mortgage Life Insurance Health Classes
- Mortgage Life Insurance Quotes
- No Medical Exam Quotes
- Summary
How Much Does Mortgage Life Insurance Cost?
Mortgage protection policies vary greatly depending on the insurance carrier, how much you are looking for in coverage, your age, and your health conditions.
This article aims to make looking at mortgage life insurance easier by showing prices among all of the top carriers available.
Mortgage Life Insurance Health Classes
There are many health classes that you will see on our quoter. These health classes are for mortgage life insurance policies with a medical exam.
While non-medical mortgage life insurance policies are available, they are more expensive for most people.
The worse your health class, the more you will have to pay. If you’re wondering what class you qualify for, it will depend on many factors. Contact us to get a good estimate of what health class you are in.
Mortgage Life Insurance Rates
Below are mortgage life insurance quotes for many different coverage amounts at different ages. These are for super-preferred rates, which not everyone will qualify for, especially older folks.
As you can see, rates get higher for people who don’t buy life insurance while they’re young. It’s important to get it early so you don’t face high rates later in life when you go to buy.
10 Year Term Monthly Female Rates
| Issue Age | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 |
|---|---|---|---|---|---|
| 20 | $7.61 | $9.10 | $10.59 | $12.08 | $13.12 |
| 30 | $7.88 | $9.63 | $11.05 | $13.13 | $13.55 |
| 40 | $8.93 | $11.73 | $14.53 | $17.33 | $19.14 |
| 50 | $13.13 | $20.13 | $24.98 | $31.52 | $37.63 |
| 60 | $25.46 | $44.80 | $54.40 | $70.74 | $84.07 |
| 70 | $56.26 | $106.40 | $156.54 | $206.68 | $256.81 |
| 75 | $97.56 | $189.00 | $280.44 | $371.88 | $463.31 |
20 Year Term Monthly Female Rates
| Issue Age | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 |
|---|---|---|---|---|---|
| 20 | $8.31 | $10.50 | $12.69 | $14.88 | $17.06 |
| 30 | $8.84 | $11.55 | $13.63 | $16.38 | $18.28 |
| 40 | $11.11 | $16.10 | $20.08 | $24.98 | $28.17 |
| 50 | $18.46 | $30.80 | $41.75 | $53.88 | $61.71 |
| 60 | $39.03 | $71.93 | $104.83 | $137.73 | $170.63 |
| 65 | $63.70 | $121.28 | $178.85 | $236.00 | $294.00 |
10 Year Term Monthly Male Rates
| Issue Age | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 |
|---|---|---|---|---|---|
| 20 | $8.05 | $9.98 | $11.57 | $13.83 | $14.84 |
| 30 | $8.31 | $10.50 | $12.69 | $14.88 | $16.13 |
| 40 | $9.63 | $13.13 | $16.63 | $20.13 | $23.01 |
| 50 | $15.31 | $24.50 | $30.14 | $42.88 | $52.06 |
| 60 | $34.04 | $61.95 | $77.10 | $101.01 | $122.77 |
| 70 | $81.90 | $157.68 | $233.45 | $309.23 | $385.00 |
| 75 | $138.34 | $270.55 | $402.76 | $534.98 | $667.19 |
20 Year Term Monthly Male Rates
| Issue Age | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 |
|---|---|---|---|---|---|
| 20 | $9.19 | $12.25 | $14.92 | $18.38 | $20.86 |
| 30 | $9.28 | $12.43 | $15.18 | $18.73 | $21.29 |
| 40 | $11.90 | $17.68 | $23.45 | $29.23 | $32.90 |
| 50 | $22.31 | $38.50 | $54.69 | $70.88 | $82.78 |
| 60 | $50.93 | $95.73 | $140.53 | $185.33 | $230.13 |
| 65 | $91.53 | $176.93 | $262.33 | $347.73 | $433.17 |
No Medical Exam Mortgage Life Insurance Rates
While the above rates were fully underwritten with medical exam policies, there are also non-medical exam mortgage life insurance policies.
Below are some sample rates you can expect to pay for the non-medical exam policies.
| Issue Age | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 |
|---|---|---|---|---|---|
| 20 | $11.64 | $18.03 | $24.41 | $40.80 | $45.00 |
| 30 | $16.02 | $24.84 | $33.30 | $42.30 | $51.30 |
| 40 | $21.24 | $35.64 | $46.53 | $59.94 | $73.35 |
| 50 | $31.50 | $56.70 | $78.12 | $102.06 | $126.00 |
| 60 | $51.48 | $96.66 | $136.98 | $180.54 | $224.10 |
| 70 | $102.78 | $199.26 | $289.53 | $383.94 | $478.35 |
| 75 | $221.49 | $436.68 | $643.77 | $856.26 | N/A |
As you can see, rates are higher for the non-medical exam mortgage protection insurance policies, especially for seniors.
Summary
Have more questions on mortgage life insurance quotes?
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