#regardless if i stayed home id 1000000% be a family person and there would be a near 0% chance i ever date someone because i KNOW the

[mkscatgirl]

There is a version of me that gave up uni after first or second year and didn't return to the city and just lives at home and works a min wage job or smth and maybe she's happier maybe she's not but she is definitely less stressed but also she doesn't have the friends that I do

#i like to ponder who i would be if made different decisions than the ones i did make #like in narritive games when you can look at the branching paths #there is 100% a path where i never came back after my gap year and just stayed at home #i think staying home would be way less stressful but i also think that i would feel stagnant way too fast #at uni i am so busy and overwhelmed all the time but i have more friends and more interactions with friends and i feel more fulfilled #because i am learning and am involved with stuff in the uni so it really does feel connected and like a community #and like you can 100% do that in my town too i know like a dozen ways i could volunteer there (half of them i wouldnt tho) but even then #i think volunteering and working retail or whatever wouldnt be enough yknow? #maybe that version of me has the mental energy to become a writer and i get really into essay writing that i post or smth #and maybe i find fulfillment there or i get really into gardening fr and hiking and whatnot i mean i was already on that path but left it #when i went back to the city because i simply cannot do those things #regardless if i stayed home id 1000000% be a family person and there would be a near 0% chance i ever date someone because i KNOW the #the people who are my age there i went to highschool with them im GOOD like im sure new people have moved there maybe but most people who #move there are like 40+ and are planning to retire so idk how many new young adults are there that didnt grow up there and i mean young adu #adult as in 20 smths not teens i am NOT talking about dating teens no thank you #the main thing to note here actually is that i wpuld be mentally ill regardless and so no matter what no choice is ideal

[locallifepro]

Why Life Insurance Matters for New Homeowners

Why Life Insurance Matters for New Homeowners

It addresses a significant financial risk.

What if you die, and your spouse or partner is left to pay off the mortgage alone? This possibility may seem remote, and it may be hard for you to contemplate. It deserves consideration regardless.

Imagine your loved one having to handle that 15-year or 30-year debt by themselves. (Or the debt on an adjustable-rate loan or jumbo mortgage.) Additionally, how would that heavy financial burden come to impact your children’s lives? These tragedies do occur and do bring these kinds of emotional and financial challenges. A life insurance payout may provide some help for a homeowner in the event of such a crisis. Why life insurance matters for new homeowners is mainly because it would be very much easier on the spouse or partner.

When you buy life insurance, the coverage amount should reflect your mortgage debt. You will need enough coverage to help your spouse, partner, or heirs deal with the outstanding home loan balance, should you pass away prematurely. Another reason as to why life insurance matters for new homeowners.

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Term life insurance may meet the need. If you are the typical homeowner, you will stay in your current home for about ten years. (Back in 2006, the average homeowner tenure was just six years.) As you may move up, move to another region with different home values, or even rent in the future, a term policy that lets you renew or modify coverage could suffice.

On the other hand, permanent life insurance may be more suitable. The reality is that inflation decreases the value of term life coverage over time. Suppose you buy a 20-year term policy offering $250,000 of coverage today. At just 4% annual inflation, that coverage will be worth 56% less in 2038 – and your home may be worth much more in 2038 than it is now.

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Moreover, the cost of term life insurance rises as you age. A term life policy is cheap when you are young, but if you want a new one after your initial term policy sunsets, you may find the premiums dramatically more expensive. In contrast, premiums on a permanent (whole) life policy are locked in, effectively becoming more manageable as time goes by. You may want permanent life for other financial reasons as well, reasons that have nothing to do with your home. A permanent life policy has the potential to accumulate cash value in the future; a term life policy does not.

A homeowner should carefully consider life insurance coverage options. If you lack coverage today, talk to a qualified insurance professional about your options, so that you can insure yourself for tomorrow.

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This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates.

Citations.

1 – themortgagereports.com/26307/homebuyer-tenure-how-long-are-people-staying-in-their-houses [3/17/17]

2 – entrepreneur.com/article/310731 [3/22/18]

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