Life Insurance by Situation
What is the best life insurance for homeowners?
Homeowners should consider life insurance to protect their family from losing the home if they die. Term life insurance is the most affordable option. Coverage should be at least enough to pay off the mortgage. An independent agent can help you calculate the right coverage amount.
Key Points
- Homeowners: protect family from losing the home
- Coverage should at least pay off the mortgage
- Term life insurance: most affordable option
- Mortgage protection insurance: a type of decreasing term life insurance
- An independent agent can help you find the best life insurance for homeowners