Term Life Insurance is coverage that applies for a specific period of time, when people have the greatest financial commitments. Term Life Insurance guarantees that these costs can still be covered even in the event that something happens to you. It doesn’t have as big of a premium as other life insurance options, but the coverage is invaluable.
When taking on a mortgage, it is the perfect time to begin discussing insurance options with your Advisor. It can be reassuring to know that your loved ones can pay off the mortgage and live in the house, even if you are no longer there to make the mortgage payments.