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Mortgage Protection Insurance in Oregon

Protect your family's home if something happens to you. Compare top carriers and average costs for Oregon residents.

About Mortgage Protection Insurance in Oregon

Mortgage protection insurance ensures your family can keep their home by paying off the remaining mortgage balance if you pass away. It provides peace of mind that your loved ones won't face foreclosure during an already difficult time.

Oregon's Division of Financial Regulation oversees insurance. The state has a 10-day free-look period and strong consumer protection standards for insurance transactions.

Oregon has a population of 4.2 million with a median age of 39.5. Mortgage Protection insurance is designed for homeowners with active mortgages, with coverage typically ranging from $50,000 - $500,000.

Get Your Free Mortgage Protection Quote

Compare rates from top mortgage protection insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month

Average Mortgage Protection Insurance Costs in Oregon

The table below shows estimated monthly premiums for mortgage protection insurance in Oregon. Actual rates vary based on age, health, and coverage amount.

Coverage Amount Est. Monthly Premium
$100,000 From $29/mo
$200,000 From $48/mo
$300,000 From $68/mo
$500,000 From $108/mo

* Rates are estimates for a healthy individual. Your actual rate may vary.

Top Mortgage Protection Insurance Carriers in Oregon

These are among the most popular and highly-rated carriers offering mortgage protection insurance to Oregon residents:

  • Mutual of Omaha
  • AIG
  • Transamerica
  • Pacific Life
  • Protective Life

Working with an independent agent like CoverMeOnline gives you access to quotes from multiple carriers so you can find the best rate.

How to Qualify for Mortgage Protection Insurance in Oregon

  1. Choose your coverage amount — Typical mortgage protection coverage ranges from $50,000 - $500,000.
  2. Answer health questions — Most policies only require a short health questionnaire, no medical exam needed.
  3. Compare quotes — Review rates from multiple carriers to find the best fit for your budget.
  4. Apply and get approved — Many policies offer same-day or next-day approval.
  5. Start coverage — Your coverage begins as soon as your first premium is paid.

Get Your Free Mortgage Protection Quote

Compare rates from top mortgage protection insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month

Oregon Insurance Department

Oregon Division of Financial Regulation

Phone: (503) 378-4140

Website: https://dfr.oregon.gov

Frequently Asked Questions

How much is life insurance in Oregon? +

Life insurance in Oregon is competitively priced. Final expense policies start around $27/month, and the state's healthy population helps keep term life rates reasonable.

Does Oregon have state income tax on life insurance? +

Oregon has a state income tax, but life insurance death benefits are generally exempt from both state and federal income taxes. Cash value growth is also tax-deferred.

What life insurance carriers operate in Oregon? +

Major carriers in Oregon include Mutual of Omaha, AIG, Transamerica, Pacific Life, and Protective Life, offering a full range of life insurance products.