So you’ve purchased a house and taken on an extremely large mortgage. This huge debt will be a burden for a significant amount of time, likely 20 years or more. What happens if you pass away before the mortgage is paid off? Will your family be able to stay in the house? How about your loved ones? Will they be able to enjoy the same standard of living?
A simple 20 year term life insurance product is a great way to make sure your family is protected for the whole mortgage term. See the images below to get an idea of what the costs would be to get a simple policy to allow your family to keep the house they grew up in. Remember to look at the difference between the male (top image) and the female (bottom image) quotes.
If you want a specific quote you can contact Travis Strain at 604-308-6030 or mail@travisstrain.ca.
Alternatively you can get a quote online for free through our partner site: http://www.lifeinsuranceadvice.ca/
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