Mortgage Life Insurance and Personal Life Insurance

September 17, 2007 by First Foundation

Life Insurance - Who Needs It? 

Death isn't something that we normally like to think about, but when it comes to protecting your family from a mountain of debt, it's a subject that should definitely be discussed. If you were to pass away, would your spouse be prepared - and financially capable - to shoulder a mortgage all on his or her own? Life insurance, whether it be mortgage life insurance or term insurance, can remove the "what if?", and provide you peace of mind if something were to ever happen to you.

Essentially, there are two major types of life insurance related to your mortgage: mortgage life insurance, and personal life insurance. Each has their pros and cons, and that's what we'll discuss here.

Read the entire article here.