Monday, August 31, 2015
Life Insurance That Pays Off Mortgage
Is there life insurance coverage that pays off your mortgage?
Yes, you can use life insurance to pay off your home mortgage loan.
Many homeowners choose to purchase a mortgage payoff insurance policy to pay off the remaining balance on their mortgage loan in case they pass away before it is completely paid off.
That way, if you do pass away before paying off the loan, your family will have the money needed to pay off the mortgage and remain in the home they shared with you. It's a way to protect your family and your home, so your loved ones can keep living in the home in which they shared so many memories with you.
Learn more about buying life insurance that pays off mortgage.