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A convenient life insurance policy under the mortgage loan

When a person takes out a mortgage, the last thing you want to think about is death, right? Such thoughts stop some people from buying a life insurance policy, according to an article by Real Homes. The second reason that prevents this pragmatic act is the high expenses of borrowers.
A convenient life insurance policy under the mortgage loan

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.

Source: https://www.realhomes.com/news/have-a-mortgage-and-a-family-but-no-life-insurance-time-to-reconsider-heres-why
Photos are from open sources.

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