If you're buying a new home or have one already, you may be wondering if homeowners need life insurance protection?
Actually, that will depend on your own situation.
If you bought your home with cash and have, only saved up, you may not have a current need for life insurance.
However, if you have a mortgage, a family, and your loved ones depend on you to support them financially, and pay the monthly mortgage, then you may have a need for life insurance.
The great thing about life insurance to protect your mortgage is that it gives you peace of mind knowing your fmaily can remain in the home if you should pass away.
And, the proceeds from your life insurance can be used by your beneficiary (eg. spouse) to pay off the outstanding balance on your mortgage loan s your family can stay in the home they shared so many memories with you.
To learn more, read this article: "Do Homeowners Need Life Insurance?"
Actually, that will depend on your own situation.
If you bought your home with cash and have, only saved up, you may not have a current need for life insurance.
However, if you have a mortgage, a family, and your loved ones depend on you to support them financially, and pay the monthly mortgage, then you may have a need for life insurance.
The great thing about life insurance to protect your mortgage is that it gives you peace of mind knowing your fmaily can remain in the home if you should pass away.
And, the proceeds from your life insurance can be used by your beneficiary (eg. spouse) to pay off the outstanding balance on your mortgage loan s your family can stay in the home they shared so many memories with you.
To learn more, read this article: "Do Homeowners Need Life Insurance?"
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