I Want to Leave Money to Pay Off My Mortgage In the Event of My Death

To meet this need, you may be most interested in products that provide a death benefit and – if affordability is a concern to you – are designed for low cost.

You may want to consider purchasing basic life insurance in the amount and for the duration of your mortgage. Then, if you die during that period or “term” that the policy is in force, your loved ones have the option of using the policy’s death benefit to pay off the mortgage on the family home. Learn more about paying off your mortgage with term life insurance.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.