Does Wells Fargo Offer Mortgage Life Insurance? 
Wells Fargo -LRB- the bank -RRB- does not offer/underwrite life insurance as they are a bank . They do , however , have an agreement with at least one life insurance company that underwrites policies that are solicited through Wells Fargo . Meaning , Wells Fargo makes money by passing on information of their new mortgagees to insurance companies and agencies as an extra revenue source . It also broadens their product offering . If you google `` wells fargo term life insurance '' and you read the fine print it will say the name of a life insurance company in there . 