Protect your family

and home with

Mortgage Protection

✅ No Medical Exam or Visits Needed

✅ Protects Against Loss of Income

✅ NO COST Living Benefit Riders

✅ Can Provide Retirement Income

✅ Potential Greater Cash Value Gain

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What is your primary reason for Mortgage Protection?
Life Insurance outside of work
Life insuance in force (outside of work)
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What is Mortgage Protection?

Mortgage protection insurance is a type of life insurance policy that is designed to help pay off the policyholder's mortgage in the event of their death. The policy provides a death benefit to the policyholder's beneficiaries, which can be used to pay off the outstanding balance on the mortgage.

How Mortgage Protection Benefits You

It Provides Financial Protection to the Policyholder's Loved Ones

If the policyholder dies, the death benefit from the mortgage protection insurance policy can be used to pay off the outstanding balance on the mortgage. This provides financial protection to the policyholder's loved ones, ensuring that they are not left with a large mortgage debt to pay off.

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It Helps Protect the Policyholder's Investment in Their Home

A mortgage is typically a person's largest financial investment, and losing the home to foreclosure due to an unexpected death can be financially devastating. Mortgage protection insurance helps protect the policyholder's investment in their home, ensuring their loved ones can continue to live in the home even if the policyholder dies.

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It Provides Peace of Mind

Purchasing mortgage protection insurance provides peace of mind, knowing that your loved ones will be financially protected in the event of your death. It helps you feel confident that your loved ones will be able to maintain their standard of living and continue to live in your home, even if you are no longer there to provide for them.

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It Is Typically Less Expensive Than Other Types Of Life Insurance

Because mortgage protection insurance can be designed to provide financial protection for a person's mortgage (term policy), it is can be less expensive than other types of life insurance. This can make it more affordable for many people to purchase this type of coverage. Permanant life policies (whole life, universal life, etc...) can also be designed for mortgage protection. Give us a call and we'll explain how.

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Things to Consider with Mortgage Protection

The Type of Mortgage Protection You Need

There are two main types of mortgage protection: term life insurance and mortgage life insurance. Term life insurance provides coverage for a specific period of time, while mortgage life insurance provides coverage for the entire term of your mortgage. Depending on your unique situation, several different policies can be used for Mortgage Protection. We'll help you decide which one works best for you.

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The Amount of Coverage You Need

You want to make sure that your mortgage protection policy provides enough coverage to pay off your mortgage in the event of your death. Most financial consultants recommend having from 8x to 10x your annual income. Contact us to consult with you to determine how much coverage you and your loved ones will need when you are gone.

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The Terms and Conditions of the Policy

It's important to carefully read and understand the terms and conditions of any mortgage protection policy you're considering. This will help you understand what is and is not covered, and any exclusions or limitations that may apply. We recommend that you speak with one of our Trusted Advisors to get all of the in's and out's of Mortgage Protection Life insurance.

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Why should you work with The Clowe Agency

Our Trusted Advisors have access to a broad array of insurance companies and products, and can help you with a variety of insurance needs, including Final Expense, Mortgage Protection, Retirement Planning, and more.

Our Trusted Advisors undergo periodic and rigorous Continuing Education training, and are fully recognized by each state as a NIPR™️ Trusted Advisor



Our Trusted Advisors are trained professionals who have a deep understanding of the different types of life insurance policies available and can help you choose the one that best meets your needs and goals.



Our Trusted Advisors are a more convenient choice than trying to research and compare policies all on your own. We're here to do the legwork for you, comparing quotes from multiple insurance companies and helping you understand the terms and conditions of each policy.


Committed to Service

Our Trusted Advisors provide personalized service and support to help you choose the right policy for your unique situation. We take the time to understand your financial needs and goals, and work with you to find a policy that fits your budget and provides the protection you need.

Key Features of Mortgage Protection

Mortgage protection insurance is a type of insurance that helps homeowners to pay off their mortgage if they are unable to do so due to unforeseen circumstances, such as the loss of a job or a serious illness. Some key features of mortgage protection insurance include:


This is the amount of money that the insurance company will pay out to help the policyholder pay off their mortgage.


These are the regular payments that the policyholder makes to the insurer in order to keep the policy in force.

Policy Length

Most mortgage protection insurance policies have a set length of time, such as 10, 20, or 30 years, during which the policy is in force.


These are optional additions to a policy that provide additional coverage for specific events or circumstances. For example, a policy may include a rider that provides additional benefits if the policyholder becomes disabled and is unable to work.


Most mortgage protection insurance policies can be cancelled at any time by the policyholder, although the insurer may charge a fee for doing so.

Overall, the main purpose of mortgage protection insurance is to provide financial protection for homeowners and help them to avoid defaulting on their mortgage payments. This can be especially important for homeowners who are self-employed or have unstable incomes, as it can provide them with a safety net if they face financial difficulties

Ready to plan for your family’s future?

Book a meeting with us below to discover your options

The Clowe Agency

Mortgage Protection

30 Mins
Mortgage Protection Insurance, also known as Mortgage Life Insurance, is a type of insurance policy designed to protect homeowners and their families in the event of the homeowner's death or disability. It provides financial security by ensuring that the mortgage on the home is paid off or covered if the insured individual passes away or becomes unable to work due to a disability. Call The Clowe Agency at (505) 392-5161, or choose a spot that works for you...

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6700 Cantata St NW, Albuquerque, NM 87114, USA

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