That’s why it would be such a load off of my shoulders if I knew that my home would be paid for in the event of my death. If something were to happen to me anytime soon the responsibility for closing out everything would fall upon my oldest daughter. Instead of interrupting her life plans I could simply invest in mortgage protection insurance so that my home would be paid for if I died. Getting NAA Life’s mortgage insurance is more than just a piece of paper; it is an investment in peace of mind.
Speaking of that often avoided subject; death, it’s also important that I (and, yes I am going to keep saying it, every parent) invests in life insurance. If you have young children, like I do, then you want to make sure they’re well taken care of. That's why you may also want to consider investing in final expense insurance that will pay off your credit card debt, loans, burial expenses and estate costs. You wouldn't want to leave any of this behind for your family to have to deal with.
3 folks a chattin':
You are so right. I took out a life insurance policy and mortagage insurance when I purchased my house 20 years ago.
There should be more than enough cash in the accounts to pay off the credit cards and to college educate my grandson. She graduated from college 7 years ago.
I've taken it a step further, I've discussed the policies with my daughter, what she's suppose to do, and sent the information and phone numbers she will need to collect everything.
Everyone should have a will too.
I think you make great points about investing in life insurance that not only covers burial and living expenses but also lessens debt, in the unfortunate event of an untimely death.
Good post.
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