Mortgage Protection Term Life Insurance is a specialized type of term life insurance designed to ensure your family can remain in the home without the risk of foreclosure or forced sale if you pass away unexpectedly. It provides financial security by either paying off the remaining balance of your mortgage, or covering the mortgage payments for a set period of time preventing loved ones from losing the home due to a lack of income. Unlike traditional term life insurance, mortgage protection policies are often structured to match the length and amount of your mortgage, ensuring your home is protected for as long as you need it. They also often include living benefits, which means you're also covered if you come down with an unexpected critical, chronic, or terminal illness.