A new-homeowner coverage checklist.
Before adding a policy, organize the responsibilities and resources that changed when you bought your home.
Editorial draft · Updated November 8, 2026 · Licensed review pending
Start with a household conversation
Write down the bills your household would need to manage if an income or caregiver were lost. Separate housing expenses from childcare, transport, and other needs. Consider both earning and caregiving contributions.
Inventory before you compare
Gather existing policy summaries and workplace-benefit documents. Note coverage amounts, beneficiaries, and questions about keeping benefits after a job change. Bring the inventory to a licensed review rather than assuming a new purchase is the only answer.
Turn your list into questions
What would a survivor want to keep paying? For how long? Which resources would be available? Which policy costs could you sustain? These questions help frame a conversation; they do not determine eligibility or a suitable amount by themselves.
Your questions, answered.
Must a new homeowner buy life insurance through a lender?
Do not assume that. Review your loan requirements and ask an appropriately licensed professional about your choices.
Put your questions into a plan.
Start a personalized quote request or review a policy you already have.
Online coverage requests are not yet available.
Keep exploring.
Mortgage protection vs. term life: start with the policy. ↗Mortgage protection and PMI are different protections. ↗What shapes the cost of term life coverage? ↗Sources & editorial status
Prepared as a SimpleCoverages editorial draft. Licensed reviewer: not yet assigned. General guidance does not replace the policy contract or state-specific advice.