Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage? 
The only reason to buy life insurance is when it is required by a contract -LRB- a mortgage doesnt require you to buy life insurance -RRB- or you love someone . If you love someone and want them to continue to enjoy the home and income you provide , life insurance is the answer . If you are merely refinancing your mortgage , you probably have additional capacity to purchase life insurance from the savings on the mortgage payment . Spend a minute the next time you are with a widow and ask them about the importance of being able to stay in the home that they were living in when they lost their spouse . For most this is an enormous issue . 