Wednesday, April 29, 2015

Own a House? You may want to own Life Insurance too

Buying a home is a large purchase, often someones most expensive purchase they'll make! You worked hard to save for your home, rental property or second home. So what happens if something unexpected happens to you? Your surviving family members will be emotionally stressed and grieving, having life insurance can hopefully eliminate any extra financial stress during this time.

I'm a worse case scenario person and I do think about the "what ifs'." (That can be good and bad depending on the situation, I know) I have many friends, acquaintances and colleagues that tend to block out the thought of unexpected illness and death. It is not pleasant to think about, but I truly believe it's necessary to be prepared.

Essentially you purchase mortgage life insurance so that in an event of sudden death, funds are available to meet your outstanding mortgage balance. This type of insurance can greatly affect your surviving spouse, partner and family options.

I'm not an insurance broker nor an expert. But I'm confident Alison Hartrum with New York Life can help you and your specific needs. There is no harm in asking!

Alison M. Hartrum
Financial Services Professional
Agent, New York Life Insurance Company
Registered Representative offering securities through NYLIFE Securities LLC (member FINRA/SIPC), A Licensed Insurance Agency
555 East City Ave
Suite 800
Bala Cynwyd, PA 19004
Office: (610) 617-4493
Be sure to 'like' her Facebook page!

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