When You Buy A Home, Please Buy Life Insurance
If you own a home, protect yourself with life insurance.
Life insurance is an insurance policy that pays cash when the policy holder dies. Payouts range from $50,000 to five million.
Your life insurance policy should be at least as large as your mortgage because death is a leading cause for foreclosure. A proper life insurance policy will pay off your home, and keep your loved ones in-place.
Life insurance policies are inexpensive, too
For less than $40 per month, you can get an insurance policy that pays off your mortgage balance and leaves money left over to help reach additional financial goals:
- Build a complete education fund for your children
- Fund a retirement portfolio for your spouse or parents
- Make a philanthropic contribution to a cherished organization
You can also use life insurance to establish a trust, which preserves a family's assets and protects it from taxes.
Life insurance ensures that households remain intact. It staves off loss of income, bankruptcy, and loss of home. It’s not even dramatic to say your family’s future depends on it.
Homebuyer can help you decide how much life insurance to get. Use the chat and ask us your question.