July 16, 2010, Newsletter Issue #25: Mortgage Life Insurance Cost vs. Benefit

Tip of the Week

Mortgage Life Insurance Cost is a big factor for many families. It’s such a big factor, in fact, that many families go without the insurance simply so they don’t have to worry about paying any of the Mortgage Life Insurance Cost.

Unfortunately, neglecting to buy life insurance simply as a way of avoiding Mortgage Life Insurance Cost puts your family in a very delicate situation if you should pass away before your home is paid off. Consider the cost of living in your area. Can your family afford to stay in your home if they lose your income? In many cases, families are forced to relocate after the death of one spouse. The children are torn out of schools and the house in which so many memories were made is taken away from your family while they're still trying to heal after your death.

Mortgage Life Insurance Cost may be a concern for you and your family, but in reality, it's a small price to pay for securing the financial future of your loved ones.

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