| The first thought that goes through your head when | | | | home? |
| you first buy a new home is probably not life insurance. | | | | When you purchase a policy you want to be sure to |
| Home owners insurance, yes. Flood insurance, possibly. | | | | carry enough to cover the mortgage. If the insured |
| Life insurance? Doubtful. You are probably more | | | | person dies, you want your family to receive enough |
| concerned with the cost of purchasing the home first | | | | money to be able to pay off the home and stay there |
| and managing the mortgage payments second. You | | | | without hardship. Either term or permanent life |
| are also probably more concerned with getting the | | | | insurance can be an effective way to help provide the |
| new home furnished and decorated so maybe talking | | | | appropriate amount of coverage for your family. By |
| about life insurance right now is not the most pressing | | | | sitting down with your agent, you will be able to |
| item on the "worry about" list. But believe it or not, this | | | | determine which will work best for your circumstances. |
| may be the best time to think about life insurance. | | | | Remember when doing this type of planning that |
| If you are a young, first time home owner you will find | | | | figuring out how much life insurance you need is a little |
| that this is the best time to lock in low premiums while | | | | more complicated than just providing for payment of |
| they are still affordable. Plus, your house may be | | | | funeral expenses and debts after you are gone. Many |
| appreciating in value, depending on where you are | | | | times, a spouse, child or other relative depends on your |
| located in the country right now, and this makes it even | | | | income for a portion of, or for all of their support. Most |
| more important to protect your home and family just in | | | | insurance agents recommend a minimum of six or |
| case something happens to you. | | | | seven times your annual income as a target for the |
| So how can life insurance help secure the family | | | | amount of life insurance you should own. |