Purchasing a Home
If you are purchasing a home this will require huge sums of money. You will no doubt have to take a mortgage loan from CFC Life. The loan will most likely the equivalent of 70 % or more of the total cost of the home. What happens if you die before the mortgage is paid off?
Can your family pay the remaining balance from their earnings and maintain their existing standard of living? Will they have to sell the home and look for cheaper living quarters?
You can avoid this uncertainty by taking mortgage protection insurance for the period of the loan. If you do then in the event of your untimely death the insurance company will payoff the entire balance on the loan to the mortgage company. Your family will then own their home outright and have no more mortgage installments to pay.
If you are interested in such an insurance policy
click here.