Having a mortgage is a lot different than carrying a balance on your credit card. Instead, it’s a commitment that usually involves several hundred thousand dollars. If you passed away unexpectedly, you would most likely be leaving your family to fend for themselves when it came to those dreaded mortgage payments.
Of course, that’s not always the case. When you have term life insurance, your policy can step in to make your mortgage – and other bills – disappear for good. [Read more…]