Do You Need Life Insurance When You Get A Mortgage? 
Yes ! Life insurance is a financial tool that has many uses . One of those is to protect your loved ones and dependants from financial hardship resulting from your loss of life . I 'll put it this way : If something happens to you tomorrow who is going to pay the mortgage ? If your wife or other family members are n't able to make mortgage payments they may be forced to sell the home , which takes time . If it does n't sell fast enough they could lose the home all together . It is hard enough for your loved ones to go through your loss of life . It 's another thing all together to put them through financial hardship as well . 