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Life Insurance We don’t like to think about it, but what would happen if your spouse or provider passed away? Is your future financially secure enough to give you a good night’s sleep? Life insurance can be used for a number of situations, including:
You might be asking yourself: How much life insurance do I need? What kind of life insurance do I need? Contact one of our life advisors for details about a specific product and its application, or for an analysis of your insurance needs. Types of life insurance Term: an excellent choice for replacing income and covering large debts such as a mortgage. Whole Life: a great plan for permanent coverage after retirement. Universal Life: a great choice for saving and providing tax-free income after retirement. Final Expense: a good choice for those who need minimal coverage and may not have the best health. 
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Do I already have mortgage protection on my loan?
Most of the time, what you have is PMI (private mortgage insurance) already added in when you take out your loan. Homeowners are required to have this insurance if the balance of their loan is more than 80% of the original property value.
However, this mortgage insurance does not protect you at all, but only protects your lender if you quit making your mortgage payments. Many homeowners believe they have protection because of this insurance and leave themselves open to tragic circumstances should something happen to their family or loved ones.
Why should I get mortgage protection insurance instead of using the life insurance I already have?
Life insurance is meant to provide for living expenses for a long period of time should a provider pass away. Without mortgage protection insurance, you would have to pay off your biggest debt using a large sum of your life insurance, drastically reducing the amount for your future living expenses.
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