Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage? 
This is a good question . Because you used the word `` more '' , I am guessing you already have life insurance . Take a look at your coverage to determine if it would be enough to pay off the debt . If it is not , then a term policy would be a great option . If this question came to mind because Mortgage Life Insurance was offered by the lender I would caution you to consider buying standard term life instead . Since mortgage life insurance is designated to pay off the loan it typically has a decreasing benefit that is in line with the pay off of the note . Another words your premiums stay the same but the pay out decreases as your debt decreases . The beneficiary is the mortgage company , so if the note is sold or you refinance you will have to rewrite the policy too . There are scenarios where mortgage life insurance is a good option . One that comes to mind is if someone has an underlying reason why they may be declined for life insurance . Mortgage life insurance can sometimes have less stringent medical screening . Life insurance should always be designed around all your financial needs . That is why it is best to work with a licensed agent who will take the time to understand your particular situation and advise you of your options . Good luck ! 