Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage? 
That is indeed a good question , and my answer would be , `` probably '' . If you already have a Whole Life policy that is making money for you and increasing in benefit each year , this would be a time that I would recommend a separate Term policy to cover the mortgage . If you have a 25 year mortgage , and you have a WL policy already , you might want to implement a 20 year Term policy for the amount of the mortgage . That way in the event of your death the mortgage will be paid , and possibly more , and your family will still have the benefit from the WL policy to help them with their other needs . 