Using insurance to cover mortgage expense for surviving spouses

Today we worked on insurance as a key part of Marti's estate plan. She is younger than her husband, and her husband is already retired. They have their dream retirement home they bought together. There is $80,000 left on the mortgage. If Marti were to pass, Bob, her retired husband, would be in a pickle without her income, and with his fixed Social Security.

So as a key part of her estate plan, we considered Bob and their home. We devised a way financially to pay for that entire mortgage if she were to pass. Then in time, as the mortgage was done, the coverage would morph into other estate goals we would phase in later.

There's a way to solve most every angle of estate planning. The key is to get a good team to help look at ways you can cover things and get peace of mind. We love what we do here at Cath Shaw insure. Give use a call or text us at 423-521-5877 to set up a time to talk.