A mortgage is a long-term commitment. Term life insurance may provide a death benefit your beneficiaries can use for the mortgage, living expenses, or other needs if you die while the policy is in force.
Tell us what you would like to protect. We’ll contact you to discuss whether term coverage may fit your situation. Coverage, premiums, and eligibility depend on the policy and underwriting.
The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.
