Financial Back to Basics LIFE INSURANCE
Welcome back my Blog. Today we're going back To basics. It's been a little while since I've done one of these and apologies for that, but today we're looking at life insurance. Life insurance really has a place in everybody's financial plan. As it says it covers your life so if you should pass away it would pay out, and then that money could be used to clear a mortgage or to pay a lump sum to your beneficiaries, or to clear a loan - another type of loan other than a mortgage. So it really has its place because it can cover different types of things should you pass away. There are many different types of life insurance and really it depends on what you're trying to cover. Now you're obviously trying to cover your life, but for a lot of people the key thing they have life insurance for is to cover their mortgage debt. Now depending on the type of mortgage you have that will depend on the type of life insurance you need. If ...