- Insurance Guide
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- Homeownership and Life Insurance (Video)
Video
How can owning a home impact my life insurance needs?
Owning a home is a major milestone, but did you know it could also affect your life insurance needs? Explore how becoming a homeowner changes your financial responsibilities and why it’s important to consider life insurance alongside your homeowner’s insurance whether you're a first-time buyer or a seasoned homeowner.
January 15, 2025
1 min and 29 sec watch
00:06:33 - 00:10:01
From that first set of keys to your last mortgage payment,
00:10:01 - 00:12:68
homeownership is a major milestone.
00:12:68 - 00:14:85
And just like homeowner's insurance
00:14:89 - 00:16:35
is an essential part of the journey,
00:16:35 - 00:19:98
owning a home may impact your need for life insurance too.
00:19:98 - 00:23:94
While homeowner's insurance helps protect the physical structure itself,
00:23:94 - 00:27:24
life insurance is designed to cover the people within.
00:28:45 - 00:32:62
In the face of the unexpected, life insurance can help make sure expenses
00:32:62 - 00:35:33
like your mortgage or bills are taken care of.
00:35:33 - 00:37:00
And, depending on your policy type,
00:37:00 - 00:40:83
you may even be able to borrow against it to help cover other costs.
00:40:83 - 00:44:25
To make sure your policy continues to match your needs,
00:44:25 - 00:47:80
consider periodically reviewing and adjusting your coverage.
00:47:80 - 00:51:80
New homeowners might take a mortgage or home upgrades into account.
00:51:80 - 00:54:35
If you've recently refinanced your mortgage
00:54:35 - 00:56:06
or increased your home's value,
00:56:06 - 01:00:19
it may be a good time to make sure your policy reflects those changes.
01:00:19 - 01:03:65
Paying off a mortgage is an important moment for any homeowner.
01:03:65 - 01:07:48
And while you won't have those payments, your policy may need adjustments
01:07:48 - 01:12:24
to consider costs your loved ones could be left with – like home repairs or updates.
01:12:24 - 01:15:91
The right life insurance can help meet short and long-term goals,
01:15:91 - 01:18:79
supporting those who make your home so special.
01:18:79 - 01:22:71
Want to learn more about how life insurance can work for homeowners?
01:22:71 - 01:28:71
Explore and get answers at www.trustage.com
From that first set of keys to your last mortgage payment,
00:10:01 - 00:12:68
homeownership is a major milestone.
00:12:68 - 00:14:85
And just like homeowner's insurance
00:14:89 - 00:16:35
is an essential part of the journey,
00:16:35 - 00:19:98
owning a home may impact your need for life insurance too.
00:19:98 - 00:23:94
While homeowner's insurance helps protect the physical structure itself,
00:23:94 - 00:27:24
life insurance is designed to cover the people within.
00:28:45 - 00:32:62
In the face of the unexpected, life insurance can help make sure expenses
00:32:62 - 00:35:33
like your mortgage or bills are taken care of.
00:35:33 - 00:37:00
And, depending on your policy type,
00:37:00 - 00:40:83
you may even be able to borrow against it to help cover other costs.
00:40:83 - 00:44:25
To make sure your policy continues to match your needs,
00:44:25 - 00:47:80
consider periodically reviewing and adjusting your coverage.
00:47:80 - 00:51:80
New homeowners might take a mortgage or home upgrades into account.
00:51:80 - 00:54:35
If you've recently refinanced your mortgage
00:54:35 - 00:56:06
or increased your home's value,
00:56:06 - 01:00:19
it may be a good time to make sure your policy reflects those changes.
01:00:19 - 01:03:65
Paying off a mortgage is an important moment for any homeowner.
01:03:65 - 01:07:48
And while you won't have those payments, your policy may need adjustments
01:07:48 - 01:12:24
to consider costs your loved ones could be left with – like home repairs or updates.
01:12:24 - 01:15:91
The right life insurance can help meet short and long-term goals,
01:15:91 - 01:18:79
supporting those who make your home so special.
01:18:79 - 01:22:71
Want to learn more about how life insurance can work for homeowners?
01:22:71 - 01:28:71
Explore and get answers at www.trustage.com
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