Real Case Study: Atlanta Homeowner Saves $4,200 Over 5 Years by Choosing Term Over MPI
Jennifer, a 38-year-old marketing manager in Atlanta, Georgia, purchased a $380,000 home in early 2025 with a 30-year conventional mortgage. Her lender mailed her a mortgage protection insurance offer three weeks after closing: $89 per month for a policy that would pay the remaining mortgage balance to the lender upon her death.
Jennifer also requested a quote for a standard 30-year term life policy in the amount of $400,000 — sized to cover the mortgage plus $20,000 for funeral costs and estate expenses — through Policygenius. Her best quote came from Banner Life at $51 per month.