Mortgage Life Insurance Quotes (2023 Update)
Posted in Mortgage Protection Insurance last updated on April 16, 2023Fill 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.
View our mortgage protection calculator.
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.
View our top rated mortgage protection companies.
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.
Mortgage protection with no medical exam.
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?
Seniors Mutual is an independent agency that represents all of the top A+ rated carriers in the business.
Compare all of the top companies by filling out our quoter and start your application and we will be in touch!
Also feel free to leave a comment, we respond to everyone!
We look forward to speaking with you.
14 Comments
Sophie
Please advise who is in charge of the medical exam cost if we want to have mortgage protection quotes for me 52 years female an my husband 60 years male. Thanks
Kelly Maxwell
Sent you an email with more info.
Judith Leslie komurke
I am 72 yrs old, good health, no medication. Would like mortgage insurance for my home.
Kelly Maxwell
Sent you an email.
Claire
Hello! Is NY covered? I'm 48 and my husband 58. Brand new homeowners; what do you suggest? Thanks!
Kelly Maxwell
Hi Claire, New York does not allow out of state agencies/brokers, meaning you will have to find someone local to do this with. Sorry!
Anna Weddington
Hi Mr Maxwell I’m Looking for mortgage protection in case of disability, 60 yr old. In good health, Live In Texas. Non smoker. Looking at getting quotes for my low mortgage payoff of 165,000.
Thank you
Kelly Maxwell
Hi Anna I sent you an email with more info.
Scott M Rhoades
Mr. Maxwell: I am 71 with a new $280000 loan on a house in Alabama. Can I still acquire mortgage pay-off insurance at my age? I have controlled high blood pressure, type-2 diabetes, but in overall good health. Non-smoker, no alcohol. Thank you.
Kelly Maxwell
Hi Scott, you can get mortgage pay-off insurance all the way up to age 80, so yes. We sent you an email with more info and sample rates.
James Early
Looking for Policies with coverage of $325,000.00 for my wife, Michiko, and myself, James Early, two total policies, one for each of us.
Questions so far:
May I get an example of what the policies are in writing before subscribing?
How much monthly premium for $325,000.00 coverage for each of us?
Michiko age 71. Still has high blood pressure.
James age 66. No high blood pressure.
Best regards,
James Early
Kelly Maxwell
Hi James I sent you an email with more info. You can both get coverage at affordable rates.
Tony Rhea Harris
I am currently 68yrs old and trying to protect my wife in the event of my death. I have High Blood Pressure and mild COPD. Vietnam Veteran who hasn't smoked nor drunk for the past 12 years. Our home has been mortgaged for $500,000. We know that we can't afford a policy for that amount. So we would like a quote for $300,000. Plan to start a policy on my birthday. Please advise. Tony Harris
Kelly Maxwell
Hi Tony thank you for reaching out, we sent you an email with more information.