Mortgage protection for homeowners
Keep your familyin their home.
Protection that covers your mortgage, replaces income, and gives your family financial options if something happens to you. We’ll work out the right coverage for your household.
Living benefits available on qualifying policies.
- Independent Guidance
- Multiple Carriers
- Personalized Protection
Options compared across established national insurance carriers
Carrier and product availability vary by state, product, underwriting, appointment, and individual eligibility.
Mortgage protection is life insurance built around your home.
It is planned around one of the largest financial responsibilities your family carries.
Not PMI. Not lender mortgage insurance.
Mortgage protection is different from PMI or lender mortgage insurance, which protect the lender. This benefit is paid to the beneficiary you name, subject to the policy terms.
If you or another income earner in your home dies, the policy pays the beneficiary you name. That money can:
- Pay off or reduce your mortgage
- Continue your monthly payments
- Replace your household income
- Cover your living expenses
The mortgage is the financial responsibility.Your family is what’s really being protected.
Could your family keep the house without your income?
1 / 3
Today
- Your income supports your household.
- Your mortgage is being paid.
2 / 3
If your income disappears
- Your mortgage remains.
- Your children and dependents still need support.
3 / 3
With the right protection
- Your family has money.
- Your family has time.
- Your family has options.
The point of the policy is time.
Time for your family to decide what comes next, when they are ready.
You need mortgage protection if…
- You still owe money on your home
- Your household depends on your income
- Your spouse or family would struggle carrying the mortgage alone
- Most of your life insurance is through your employer
- You have not reviewed your coverage since buying or refinancing your home
- Your household responsibilities have changed
- You want to understand your options before age or health changes them
If one or more of these is you, you need a plan.
See My OptionsAlready have life insurance?
Having coverage already is a good thing. Your review starts with what you have.
The question to ask:
Would the coverage you already have create the outcome you want for your family?
- Would it meaningfully protect the mortgage?
- Would it replace enough household income?
- Would it still be there if you changed jobs?
We account for the coverage you already have, and work out whether there is actually a gap to close.
See My OptionsChoose how much of the mortgage to protect.
You can plan around the full balance, part of it, or a period of payments. The right amount depends on your household.
A strong plan provides meaningful protection while fitting your household budget well enough to remain comfortably in force.
Three ways to protect a mortgage
- Full mortgage protectionCoverage designed around potentially eliminating your remaining mortgage balance.This is closest to what I want
- Balance reductionCoverage designed to substantially reduce your balance and lower the financial burden on your household.This is closest to what I want
- Financial breathing roomCoverage designed to help with mortgage payments, lost income, and household expenses while your family adjusts.This is closest to what I want
Living benefits
Protection can matterwhile you’re alive too.
A serious health event can interrupt your income without stopping your mortgage payment.
Certain policies include living-benefit riders that give access to part of the death benefit after a qualifying illness or medical event. That is why we look at more than the death benefit when we compare your options.
Availability, definitions, eligibility, benefit amounts, exclusions, and restrictions vary by carrier and policy. Benefits paid early reduce the amount ultimately paid to the beneficiary.
Protection is something you qualify for before you need it.
Pricing and eligibility depend on your age and health on the day you apply.
Today
Your age and current health
Later
Age rises. Health can change.
Then
Your options change with them
A change in health can affect:
- Which carriers are available
- What coverage is available
- What the premium costs
- What policy structures are available
- Whether you qualify at all
Understanding your options now gives you the ability to make the decision while you still have choices.
See My OptionsOne homeowner.Multiple insurance companies.
Different carriers will evaluate you differently, based on:
- Age
- Health history
- Medications
- Height and weight
- Tobacco or nicotine use
- Occupation
- Driving history
- Coverage amount
- Other underwriting factors
We compare your options on:
- Eligibility
- What you qualify for.
- Coverage
- How much protection your household needs.
- Benefits
- What the policy includes beyond the death benefit.
- Carrier
- Which insurance companies fit your situation.
- Monthly cost
- A premium that fits your household.
Every household is different.
The goal is to find the protection that fits yours.
Getting clear on your options is simple.
UncertaintyProtection
Step 1
Tell us about your situation
Six quick questions about your mortgage, your household, and what you want the protection to do.
Step 2
Review eligibility
Age, health, and current coverage determine which insurance companies are right for you. We work that out.
Step 3
Compare your options
On a 30-minute call with your advisor, we lay out the coverage levels and carriers that fit, side by side.
Step 4
Put the protection in place
Choose what fits your household, then complete the carrier application and underwriting.
Our mission
Help protect 100 million families.
One household at a time.
Neville Oyiti, Founder
About NOI Mortgage Protection
What it’s like to work with our advisors.
- The conversation starts with your household.
- Everything is explained in plain English, and we check that it makes sense.
- You hear what fits and what doesn’t, tradeoffs included.
- Your spouse or partner is part of the conversation.
- You leave knowing your next step.
Our values
- Clarity
- We make complicated things understandable.
- Integrity
- We tell the truth about fit, tradeoffs, and limits.
- Education
- We teach before we recommend.
- Suitability
- We recommend only what fits.
- Stewardship
- We review your coverage as your life changes.
NOI Mortgage ProtectionA specialized division ofNOI Wealth Partners
NOI Mortgage Protection is the dedicated homeowner protection division of NOI Wealth Partners, which helps families, business owners, and retirees protect the people, income, businesses, assets, and futures they’ve worked to build.
Visit NOI Wealth PartnersQuestions homeowners ask
Is mortgage protection the same as PMI?
No. Private mortgage insurance (PMI) primarily protects the lender if a borrower stops repaying the loan. Mortgage protection, as the term is used here, is life insurance designed to provide a benefit to the beneficiary you name, subject to the policy terms.
Is mortgage protection actually life insurance?
Yes. Mortgage protection is life insurance planned around your mortgage and your household. The policy is issued by an insurance company, and the coverage amount and length are chosen with the mortgage in mind.
Does the benefit have to be used for the mortgage?
No. The benefit is paid to the named beneficiary, who can use the funds for the mortgage, income needs, living expenses, or other purposes, subject to the policy terms and applicable law.
How much mortgage protection do I need?
It depends on your mortgage, household income, existing coverage, household needs, goals, and budget. Some households plan around the full balance. Others plan around part of it, or around a period of payments. The review is where we work those numbers out with you.
How much does mortgage protection cost?
Pricing varies based on factors such as age, health, tobacco or nicotine use, amount of coverage, policy type, insurance company, and underwriting. A premium can only be quoted once those details are known.
Do I need a medical exam?
It depends on the policy. Some do not require a traditional medical exam; others do. Requirements vary by insurance company, coverage amount, age, and health history.
Can I qualify if I have health conditions?
Often, yes. Insurance companies evaluate medical histories differently, so a condition that limits your options with one company can be viewed differently by another. That is the reason to compare. Approval depends on underwriting and is not guaranteed.
Can both spouses get protection?
Yes, subject to each person’s individual eligibility and underwriting.
What are living benefits?
Certain policies include living-benefit riders that give access to part of the death benefit after a qualifying illness or medical event. Whether they are available, what qualifies, how much can be accessed, and which exclusions apply all vary by insurance company and policy.
What if I refinance or sell the house?
Most policies are owned independently of the mortgage itself, so refinancing or selling does not necessarily end the coverage. Coverage should still be reviewed whenever your financial circumstances change.
Is NOI Mortgage Protection an insurance company?
No. NOI Mortgage Protection is a specialized division of NOI Wealth Partners providing independent insurance guidance and access to available insurance carriers. Policies are issued by the insurance companies themselves.
The mortgage will keep coming due.Make sure your family has the money to decide what happens next.
Whether the right answer is paying it off, reducing the balance, or creating enough financial breathing room to keep your household stable, the first step is seeing what you qualify for. We’ll work out the right coverage from there.
It starts with a few questions about your mortgage and household.
- Independent Guidance
- Multiple Carriers
- Personalized Protection