When you finish signing that huge check, your realtor hands you the keys to the cutest little Victorian three-bedroom you've ever seen. Mortgage payments are a little daunting. Now, it's time to make sure you've thought ahead.
What if the worst were to happen? Could your spouse manage the mortgage payments without you? What about monthly maintenance, utilities and unforeseen repairs ‘ not to mention property taxes? How long would your spouse have before your dream house is back up for sale?
If tragedy were to strike, turning over the keys to the family home to the bank is probably the last thing you'd want to have happen to your loved ones. Having adequate life insurance coverage can help keep the family you love in the home they love.