Mortgage Life InsuranceWritten by Ivon T. Hughes
Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and sudden loss in event of you or your spouse's early death may leave your survivors unable to make payments. To make your family is protected from financial hardship, consider Pick-a-Term Mortgage Protection insurance.Pick-a-Term Mortgage Protection has a descreasing death benefit to match your mortgage balance at beginning of each year. And because death benefit decreases along with your mortgage balance, cost of Pick-a-Term is less expensive when compared to non decreasing term life insurance. Life Insurance: Decreasing Or Not? If you go to your local bank, along
| | Why Don't Women Have Life Insurance?Written by Ivon T. Hughes
Traditionally, life insurance companies solicited men as main breadwinners in a family to ensure, that they had adequate life insurance coverage.Now, times have changed, but statistics on women show that great percentage of American and Canadian women carry no life insurance. And those that do have a policy, carry about half as much coverage as men do. Most modern U.S. and Canadian households are dual-income households. If you are married, especially if you have children, would your husband be able to afford family style of living if you were to pass away? If you are single, who would assume burden of paying for your final costs if you were to pass away? This may fall to your parents, who are also likely to be living on a fixed income. Many single women, especially those with children, may be on a tight budget and feel they can't afford life insurance. However, they may be surprised to know that a 30 year old healthy woman can purchase a $250,000 10-year term life insurance policy for $12.00 a month. If you are a healthy 50 year old, that does not mean it is too late to buy affordable life insurance; your cost for same policy as above would only be about $37.00 a month. If you have children, it is especially important to make sure they will be taken care of if anything were to happen to you.
|
