Is there life insurance I can buy that will payoff the balance of my home mortgage loan upon my death?
Yes, there are level term life insurance policies offering coverage for a duration of 10, 15, 20 or 30 years that can provide your family with the funds needed to pay off the home mortgage loan outstanding on your home, so they can remain in the home they shared with you.
You'll want to match the life insurance plan with the duration of your mortgage loan (15 or 30 years), and choose an amount of life insurance to protect the full amount still owed on your home mortgage.
That way, should you pass away before the mortgage loan is fully repaid, your loved ones will be able to keep their home.
Learn more about homeowners death payoff balance life insurance.
Yes, there are level term life insurance policies offering coverage for a duration of 10, 15, 20 or 30 years that can provide your family with the funds needed to pay off the home mortgage loan outstanding on your home, so they can remain in the home they shared with you.
You'll want to match the life insurance plan with the duration of your mortgage loan (15 or 30 years), and choose an amount of life insurance to protect the full amount still owed on your home mortgage.
That way, should you pass away before the mortgage loan is fully repaid, your loved ones will be able to keep their home.
Learn more about homeowners death payoff balance life insurance.
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