How Insurance Needs Change with Your Home Purchase
Nice Move. You have invested in an asset that not only puts a roof over your head, but also has a significant impact on your financial portfolio. This is the perfect time to update your financial plan and mare sure you have enough term coverage to take care of the mortgage.
You have just made the biggest purchase of your life! Now you need to protect this investment and find a way to pay off this debt should something happen to you.
Purchase Homeowner’s Insurance to cover the property, your personal possessions, and your liability should someone get injured while on your property.
Research this carefully as some locations may require special types of insurance such as flood, earthquake, or hurricane protection.
Increase your Term Life Insurance to cover the amount of the mortgage you are now carrying.
You will want to make sure that your family can stay in their home should anything happen to either partner.
Why You Need Term Life Insurance
Your family’s income need has changed dramatically.
It is the most cost efficient way to protect your loved ones from the financial consequences of your death.
Consider the needs of both partners should something happen to either one of you.
Life Insurance is designed to protect the financial security of your loved ones when you pass away. It is there to make up the difference between what your family needs and what they have available. Now that you have this large asset to protect, you will need to increase your life insurance accordingly.
Active Duty Military Members You need life insurance with no military restrictions that will quickly pay claims to your survivors and help them to get the military benefits that your service has earned them. Navy Mutual Life Insurance guarantees:
No aviation clauses
No terrorism clauses
No war clauses
No location restrictions
Best choice: an insurance plan that will stay with you regardless of where you are or what you do.
Learn the basics on the different types of life insurance and which one is right for you - right now.
How We Can Help
Insurance plans with Navy Mutual do not carry any military service restrictions: no war clauses, no terrorism clauses, nothing. Unlike many of our competitors, Navy Mutual always allows you to purchase the maximum amount of insurance we can offer – you are not limited just because you are going to a high risk area.
Dedicated membership representative to help you determine exactly what your family needs now
Military benefits specialists that take into account any military benefits that might apply to you already
Counseling and military benefits claims assistance for your survivors
No sales fees, commissions and loads on any products or services keep your cost low
“I have been impressed with the efficiency of the Navy Mutual Aid benefit program. As a beneficiary, I appreciated receiving regular information regarding rates and other matters.” Susan Herney – Beneficiary
