Help Protect Your Home and Other Debts.
Debt can be a good thing.
Think about it. Without loans, most people would not be able to purchase a new car or a home. And let's face it, mortgages and home equity loans can provide much-needed tax deductions. But whenever you take a sizable loan, you should consider what would happen if you suddenly became unable to make your loan payments. Most lenders require immediate payment of outstanding loans upon death.