My mom was at her parents The other day and they had saved this page in the red your advocate. This was one of her very first listings in real estate. When my mom talked with the lady and she asked her how much money she had left owing on her mortgage which is a question that we ask. The lady said that she didn’t owe anything and she was thinking that was a good thing until she told my mom that her husband had passed away but that the mortgage insurance that they had taken out paid off the mortgage therefore putting them in a better financial position. Ever since that day I always ask people do you have life insurance at least enough to cover the mortgage on your house. It doesn’t have to be life insurance that the bank gives you because often times you can get cheaper term insurance from a insurance broker and it does the same thing. We all think we live forever. But the truth is you never know what life will bring so it’s good to have some insurance in place to protect those that you love.
#nomortgage
#lifeinsurancehelps
#firstlisting
#lifelesson
#protectyourassests
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