Why home owners need to think about life insurance

in Financial Wellness

Do you own a home? If the answer is yes, it’s imperative to think about life insurance. Take a moment to think about how your significant other would handle the mortgage if you were gone. Would they comfortably be able to afford the payment by themselves?

Buying a house is a large expense and significant responsibility. Not only is someone committing to 15 – 30 years of debt, but they are establishing a home for their family. The last thing someone wants is for their family to be forced out of their home in the event of their passing. Unfortunately, it does happen. When a spouse’s paycheck is removed from household income due to untimely passing, it can be difficult or even impossible for the surviving spouse to maintain their standard of living.

Why homeowners need life insurance

Life insurance is a simple way to provide not only protection, but peace of mind knowing your family is taken of if something like this were to happen. In addition, certain insurance policies can be obtained to achieve this peace of mind at very little cost.

For more information on life insurance, contact Bob Skillings – Financial Advisors with SouthPoint Investment Services.

Bob Skillings | 706 N German St. New Ulm, MN 56073; 877-794-6712; Direct: 507-233-5624; Cell: 507-217-9038; Fax: 507-233-5601; [email protected]

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