Is Life Insurance Mandatory For Home Loans? 
That is a great question ! While it is n't a requirement , it can be very good to have , and can help in securing your loan . A lender will be much more likely to loan you the money for a home if they know in a worst case scenario situation , they will receive the money they 'd loaned you . So being able to show that insurance coverage often will help persuade a lender to issue the loan , and often more favorably for you . The lender may also ask for you to get coverage if they feel that there is a great risk of them losing their investment in your home . I hope that helps - thanks for asking ! 