You aren't required to have life insurance to get a mortgage, but having a life insurance policy while you are making mortgage payments could be beneficial.
So, for example, a person who has a life insurance policy worth 2 million dollars could potentially have an additional death benefit that is also worth 2 million dollars.
One of the most frustrating situations a person can find themselves in is trying to determine whether or not a deceased family member had a life insurance policy.
You will not be asked for any billing information until later after you have accepted an offer from a life insurance company and have your life insurance policy issued.
While having your life insurance policy last forever may sound good, permanent life insurance policies, like universal and whole life insurance, aren't the best option for most people.
Not everyone in this situation has a life insurance policy in place before they travel, but they can purchase flight insurance that will cover them while they are in the air.
If that child continues to pay his premiums into adulthood and the remainder of his life, he will always have that life insurance policy for that low rate.
If you and your spouse already have life insurance policies in effect, your agent will help you manage the two so that they're optimized for your needs.