Author: Tanisha Williams
Detroit is one of the cities that has been hit the hardest in this economic downturn. Detroit has suffered enormous job loss, lay offs and foreclosures. Many people wonder is insurance needed and is it affordable?
Well, the answer is yes. In hard times such as these, it is never smart to stop paying your life insurance premiums or for some not investing in at all. Life insurance offers many options to choose to protect your family.
Mortgage term insurance is the most cost effective way that a person can protect their family. By having this type of insurance in place, will allow for their mortgage to be paid off in full if the breadwinner were to die. Another option is traditional term insurance. This type of insurance can also cover your mortgage, final expenses, spousal and family income support or to ensure that your children will go to college. Term insurance in this economy is very affordable and needed more than ever.
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