With the housing sector in turmoil, making sure your mortgage is covered is very important. To ensure that mortgage payments are made, people now take out mortgage life insurance. The old and retirees are making sure that no matter what happens, their homes will be safe fro foreclosure. This type of insurance will make sure that a house’s mortgage will be completely paid in the event of death. This is one way of ensuring their loved ones will have a roof over their heads.