Life Insurance for Homeowner?

Would it be a good choice for homeowners under 25 to acquire a life insurance?

Yes, if you own a home and have an outstanding mortgage, you may want to consider buying life insurance to pay off the mortgage i you die.

If you have a wife and/or children, you may want life insurance to provide money to pay off the mortgage and provide for living expenses for your family in case you die.

The sooner you buy life insurance the lower your rate, since life insurance rates are based on your age and health, among other factors.

If you lock-in a low rate now, you can get 30 year level term life insurance that guarantees the same rate and amount of life insurance for 30 years. This can help to guarantee there will be money to pay off the mortgage in the future, especially if you get married and start a family.

Learn more about term life insurance for homeowners and how you can compare life insurance rates and plans online from several leading life insurance companies.

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Disclosure: Compensated Affiliate