Do Homeowners Need Life Insurance Coverage?

If I own a home, should I have life insurance coverage?

That really depends on your own situation, how much you owe on your home mortgage, how much you earn, how much you have in savings, your monthly living expenses, and your responsibilities - do you have a spouse, children, etc.?

However, many homeowners do own life insurance to make sure their family has money available upon the death of the homeowner, to pay off the outstanding mortgage so the family may remain in the home.

Just consider how would your family pay the monthly mortgage if you were to die?

Would they have to move, pay for movers, rent an apartment, and how would they pay for all of those expenses?

Life insurance for homeowners can give you peace of mind knowing your family will be protected should you pass away unexpectedly.