Therefore, it is not surprising that only 58% of mortgage holders have a life insurance policy. According to experts, the need for such a policy reduces if a married couple consists of only two people and has high incomes and their own housing.
On the other hand, a couple with children in case of insured event, having a mortgage loan may be in a difficult situation. Only few people know that it is possible to conclude an agreement with a LIC, payments on which will steadily decrease along with the mortgage. This type of insurance is affordable, which allows the family to save the real estate property.
Photos are from open sources.