Dealing with the loss of a family member is stressful enough without your survivors having to worry about losing their home, too. Make sure you carry enough life insurance to pay off the mortgage or enable loved ones to continue making mortgage or rent payments.
Occasions for reviewing your life insurance coverage include:
- Taking on a new or bigger mortgage
- Taking on debt or borrowing money
Taking on a new or bigger mortgage
Trading up to a new home — and a bigger mortgage — means your family will need more money to remain in the home they love should something happen to you. Increasing your life insurance coverage to make up the difference can help your family continue to meet mortgage payments and remain in your home.Speak with a Planning Consultant at 1 877 276-9429, or have a Planning Consultant call you.
- Taking on a new or bigger mortgage
- Taking on debt or borrowing money
Taking on debt or borrowing money
Financing a car, charging purchases to a credit card, or taking out a home equity loan can be affordable as long as you’re earning income, but if your income stops, so do your payments. Make sure your family has enough money to cover these debts.Speak with a Planning Consultant at 1 877 276-9429, or have a Planning Consultant call you.
