Don't do it. Increase your regular life insurance to cover your mortgage. We thought we were doing the right thing by having both mortgage insurance and life insurance. Then, when we moved, our bank would not approve the conditions of our new mortgage and we had to switch lenders. As a result, we lost our mortgage life insurance. And now we're older and the premiums are much higher than they were 3 years ago. So we ended up taking out more regular life insurance. The rates on that have gone up, too, but at least it's totally portable.