Does your Life Insurance Cover your Mortgage?

In the event of a tragedy, it is important to protect your mortgage with term life insurance. In the horrible event of your sudden passing, the last thing you want is to have your family dealing with financial burdens. Preparing your life insurance policy in advance is the smartest way to allow your family to grieve without financial concern.

Term life insurance is the most affordable way to get life insurance coverage, providing protection for a specific period or “term.” This allows the policy holder to drop or continue the coverage at their convenience.

If you answer no to the question, “Could your family make mortgage payments without you?” then it is a good idea to protect your mortgage with term life insurance. Whether you are planning on purchasing a new home or refinancing your existing mortgage, this is the perfect time for you to protect your mortgage. Term life insurance can be used to pay funeral costs, credit card bills, childcare, college tuition, and your mortgage in the event of a tragedy. With term life insurance, your family can maintain their lifestyle and use the term life insurance coverage as a form of income replacement.

If there is anyone who relies on your income for financial support, then you need life insurance. Not only does life insurance provide financial protection for your family but it pays for your final expenses as well. It is hard to think about what would happen in the case of your sudden passing, but it is important to ask yourself whether or not your family could financially survive if the worst were to happen.

The Stromsie Insurance Total Protection Team strives to give you the best services and prices. Contact the Stromsie Insurance Total Protection Team to get a quote on life insurance today!

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