MORTGAGE PROTECTION PLAN [mortgagegoal.blogspot.com]
The Consumer Financial Protection Bureau released its final proposal for simpler mortgage disclosures - a three-page summary of home-loan costs and risks - to a lukewarm response from industry groups and a key consumer advocate. The proposed ... Plan aims to take the surprises out of mortgages
When Do I Need Life Insurance?
There are a number of factors that affect whether life insurance is or is not is a good idea. Â In general, if you have any responsibilities that would still need to be fulfilled should you pass away suddenly, getting life insurance to protect those who would be left behind is a good idea. Â If you have any of the following responsibilities you may want to consider life insurance.
You have children and/or a spouse.
You have outstanding debts.
Your income is essential to the maintenance of your family's lifestyle.
You own a home on which there is still an outstanding mortgage.
Life insurance is meant to protect your loved ones should anything happen to you, and any number of financial responsibilities could become an enormous burden on them should you pass away.
What Type Of Life Insurance Is Best For Me?
There are a number of different types of life insurance policies available on the market, and finding the one that is best for you may seem like a difficult task. Â Essentially there are two types of life insurance: term and permanent. These types of policies offer you different benefits depending on your personal circumstances. Â In most cases your first life insurance policy should be purchased when you are young and in good health. Â A term policy is also a good idea for a first life insurance policy as it will give you the most coverage for the lowest premiums. Â Permanent insurance can offer you a return on your investment, but for most people other types of investments, at this point in their lives, are a better idea.
In general, no matter what your situation, life insurance is a smart purchase. Â Contacting an insurance agent to get professional advice on which type of life insurance is right for you will give the information you need to make t hat choice.
