When buying a home, do you think it's important to buy life insurance?

Asked by Marc Middleton, Miami Beach, FL Sat Sep 22, 2012

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David Rhineh…, Agent, Lakeland, FL
Sat Sep 22, 2012
This is a good question for your Financial Planner. There are a lot of variables that need to be known in order to know whats best for your situation. It sounds like your wanting to consider the liability to your estate in the event of premature passing. Good thinking!
1 vote
Gary Geer, Agent, Antioch, IL
Sat Sep 22, 2012
It's important to plan to protect your family in case of a loss. We are not insurance professionals so contact your insurance agent and discuss your situation.
2 votes
Maria Cipoll…, Agent, Coral Springs, FL
Sat Sep 22, 2012
When you are buying a home your insurance needs are sure to change. If you are like most people that finance their home, you should consider obtaining a life insurance to cover your mortgage. A level premium term life insurance policy is a good choice for affordable protection that lasts the lenght of your mortgage. Make sure the policy you buy has guaranteed level premiums for the entire duration.

Good Luck,

Maria E. Cipollone

1 vote
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Sat Sep 22, 2012
Yes, if you are married with kids and under 60 and don't have much in savings.

Over 60 and single and making good money and have a good retirement amount saved, not so much.

But I don't mean a 401k with an amount that will not last 5yrs, I mean a substantial amount to carry you to 90!

1 vote
Marc Middlet…, , Miami Beach, FL
Sat Sep 22, 2012
Thanks for your thoughts about life insurance. For anyone who is looking for a great insurance agent, you should call Augie Buffa of Isurance. He is licensed to sell all types of insurance in almost all 50 states. He is honest, dependable, and will get you the best deal. When you call him, tell him Marc sent you.

He can be reached at 407-719-0141 or check out his website IsuranceLLC.com
0 votes
Annette Law…, Agent, Palm Harbor, FL
Sat Sep 22, 2012
Do you have heirs to whom you wish to provide an after-your-life economic boost?
No. Life insurance not needed for the 'life insurance' purpose.
Yes, contact your financial planner.
Do you need another calendar at the start of every year?
Doing business with Insurance agents, Real estate professionals, and the last auto dealer you visited are good resources.
A real generous life insurance provision could be the genesis of a life story of intrigue and suspense culminating a a 'Who Done IT" special on 20/20.

Oh, the possibilities.
0 votes
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