What mortgage protection covers
A life insurance policy sized to pay off your remaining mortgage if you pass away. Often layered with disability protection so payments continue if you can't work. In Phoenix and the East Valley, where median home values often exceed $500K, this is foundational coverage.
How to size it
Match the term to your remaining mortgage years and the death benefit to your current mortgage balance plus a buffer for taxes, insurance, and closing costs. Many GSS LIFE clients add a separate income-replacement term policy on top.
Common questions
Is this different from PMI?
Completely different. PMI protects the lender; mortgage protection protects your family.
Can I get coverage if I just bought the home?
Yes. We recommend applying within 90 days of close - rates lock to your age and health today.