Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage? 
Anytime something major changes in your life it 's a good idea to evaluate the amount of insurance coverage you need . With a mortgage I would recommend a term policy that covers the length of your mortgage . If your mortgage is 20 years purchase a 20 year gauranteed level term , or for a 30 year mortgage purchase a 30 year term . This is the most economical way to protect you and your family if a tragedy occurs . If soemthing happens your spouse has the funds to pay off the mortgage . If not your cost remains level while the mortgage is in force and goes away when the mortgage is paid off . To save money you may want to ask your insurance agent about layering the term policies to cover your mortgage . 