When a primary breadwinner dies (is that you?), a mortgage company may ask that the mortgage be paid in full within 30-60 days. Would your family be able to do that or would they have to move?
Not Sure? Don't want to think about it?
You can prevent this possibility by buying a life insurance policy that has enough death benefit to help your beneficiaries cover the amount of the mortgage. And there are choices to fit every budget.
You can get a policy that can last for as many years as your mortgage does. 30 year mortgage? 30-year Term.
You can get a policy that can last for fewer years than your mortgage, but that would help support your surviving spouse for a number of years. 15-years of support? 15-year Term.
There are a number of options to consider.
We can help lay it out for you and help you find a simply solution so you don't have to be concerned about your family being homeless if you die.
Contact us anytime to further discuss.