Tell the truth when you bought your new home you never considered mortgage term life insurance. I know we did not. But as our family grew and we had children, we have three now, we realize that we needed to provide a way to ensure that they get to stay in the home we have provided for them in the unfortunate circumstance of one of us dying. Both my wife and I are relatively young and healthy and the rates for mortgage protection insurance were extremely affordable. We simply contacted our homeowners insurance agent who was able to provide a mortgage term life insurance policy as well. Our understanding is that if you use a insurance broker you may be able to save a few bucks on premiums simply by the sheer volume of posts they will receive versus your own independent agent that deals with one company. The benefits for mortgage term life insurance are obvious. Still that doesn’t matter to some people. But for responsible adults a good mortgage term life insurance can ensure that your children and your spouse will be able to keep the home that you bought together.