HomeEducation Education You should have term life insurance if you have outstanding home loan You should have term life insurance if you have outstanding home loan

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You should have term life insurance if you have outstanding home loan

You should have term life insurance if you have outstanding home loan

Saturday, June 3, 2017, 3:30 PM
If you have just bought a home or your existing house is still mortgaged, the sum assured from a life insurance policy can cover the outstanding home loan in the event of your demise. A life insurance policy gives your dependents the option to pay off the mortgage, although they can decide not to use it for that purpose.
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