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🏡💼 What Happens to your mortgage when you pass away? 💼🏡 Thinking about the future is important, especially when it comes to your mortgage. Here’s what you need to know: 🔹 Remaining Balance: The outstanding mortgage balance doesn’t disappear and must be paid by your estate. 🔹 Life Insurance: If you have mortgage protection or life insurance, it can cover the remaining balance. 🔹 Inheritance: The property and mortgage responsibility may transfer to your heirs. I can help you plan for these scenarios. Our experts will guide you through setting up protections like life insurance and estate planning to ensure your loved ones are taken care of. Plan for peace of mind. Contact me today for personalised advice. 🌟📞 #MortgageAdvice #EstatePlanning #LifeInsurance

🏡💼 What Happens to your mortgage when you pass away? 💼🏡 Thinking about the future is important, especially when it comes to your mortgage. Here’s what you need to know: 🔹 Remaining Balance: The outstanding mortgage balance doesn’t disappear and must be paid by your estate. 🔹 Life Insurance: If you have mortgage protection or life insurance, it can cover the remaining balance. 🔹 Inheritance: The property and mortgage responsibility may transfer to your heirs. The Finance Planning Group can help you plan for these scenarios. Our experts will guide you through setting up protections like life insurance and estate planning to ensure your loved ones are taken care of. Plan for peace of mind. Contact The Finance Planning Group today for personalised advice. 🌟📞 #MortgageAdvice #EstatePlanning #FinancePlanningGroup #LifeInsurance

🏡💼 What Happens to your mortgage when you pass away? 💼🏡 Thinking about the future is important, especially when it comes to your mortgage. Here’s what you need to know: 🔹 Remaining Balance: The outstanding mortgage balance doesn’t disappear and must be paid by your estate. 🔹 Life Insurance: If you have mortgage protection or life insurance, it can cover the remaining balance. 🔹 Inheritance: The property and mortgage responsibility may transfer to your heirs. The Finance Planning Group can help you plan for these scenarios. Our experts will guide you through setting up protections like life insurance and estate planning to ensure your loved ones are taken care of. Plan for peace of mind. Contact The Finance Planning Group today for personalised advice. 🌟📞 #MortgageAdvice #EstatePlanning #FinancePlanningGroup #LifeInsurance

Meet a young couple in their 30s who just purchased their first home and started a family! With a 30-year mortgage, they want to ensure their spouse and children can continue living in the house without financial strain if anything happens to them. They’ve chosen a 30-year term life insurance policy, covering their mortgage balance, outstanding debts, and future education expenses for their kids. Planning ahead for peace of mind! https://grfs.ca/contact #FamilyFirst #HomeSweetHome #FinancialSecurity #LifeInsurance #FuturePlanning

Why Insurance is Just as Important as Your Mortgage You've worked very hard to secure your dream home — why leave it unprotected? Too often, new homeowners overlook the importance of insurance alongside their mortgage. From life cover to building insurance - these policies protect both you and your investment 🏡🔑 Speak to us today to make sure you're fully covered. It’s easier than you think.

Are you a new home owner? 🏠 Congratulations! Don't forget to update these three things: 1. Your address with the post office, IRS, employer and other necessary organizations 2. Review your estate plan to make sure the new title and deed are reflected correctly 3. Make sure your life insurance coverage is still adequate to pay off the mortgage.

The Importance of Mortgage Protection Your mortgage is one of the biggest financial commitments you'll make in your lifetime. But what happens if the unexpected occurs? Mortgage protection life insurance ensures that your home remains in your family, even if you're no longer around to make payments. Protecting your home means protecting your family’s future. Ensure that the roof over their heads is secure, no matter what life brings. Is your mortgage protected? If not, let's talk about how to safeguard your biggest asset. #MortgageProtection #LifeInsurance #HomeSecurity #FamilyProtection #FinancialPlanning

When taking out a mortgage, have you considered what would happen if life took an unexpected turn? Life Insurance and Critical Illness Cover provide essential financial protection to ensure that, even in difficult times, your family can keep the home you've worked so hard for. Our latest blog explains: How these policies work alongside your mortgage The benefits of securing your family’s home and future Tips on choosing the right cover to safeguard against the unexpected A mortgage is one of life’s biggest financial commitments—make sure it’s protected. Read our article to learn more about securing your family and your home: https://lnkd.in/dzX3tYX3 #MortgageProtection #LifeInsurance #CriticalIllnessCover #FinancialSecurity #CedarCrest

Are you worried about your family's financial future after you're gone? 🥺 Discover how life insurance can safeguard your loved ones from the burden of mortgage payments and asset liquidation. Donnis Carr explains the critical role of life insurance in estate planning. Instead of leaving your family to sell assets or worry about mortgage payments, you can secure their peace of mind by covering these financial obligations. 🤗💯 A term life insurance policy can be specifically tailored to match your mortgage, ensuring that if the unexpected happens, your family won't be forced to sell or scramble to make payments. If you owe $300,000 on your home, a term policy can cover that exact amount, decreasing in value over time as your mortgage does. 📉 Do you want to learn more about this? Tune in this episode on Thursday at 6pm EST. 🎧 https://lnkd.in/gsQQEu7K #AidToAssets #RealEstateInvesting #LifeInsurance #FinancialSecurity

‘How much life insurance do I need?” What’s your reply when a new client asks this? Here’s ours, in case it’s helpful: “This is dependent upon your budget and what you are looking to insure against (insurable interest). Factors such as your annual salary, mortgage liability and your dependants will all contribute to the amount of cover that you can be insured for. An ideal place to start is often to look at covering your major liabilities such as your mortgage. If you protect your mortgage so your loved ones can pay off the debt if you die, it is one less thing for them and you to worry about. After this, it is worth asking yourself how your family would cope financially if you were no longer there. After the mortgage would they be able to cope financially without your income? If not, then it is worth looking at family income benefit or additional life cover to ensure they are fully supported for a number of years, often until children reach an age of independence, or your partner reaches retirement age. “ (For the full details please visit the web page linked below.) #LifeInsurance #FinancialPlanning #ProtectionAdviser