Determining the right policy limit
Calculating the precise amount of coverage you need requires looking beyond the outstanding balance of your home loan. While matching your policy limit to your mortgage is a smart starting point, a comprehensive homeowner life insurance strategy should account for the broader financial picture. You must consider how much income would be lost if one partner passed away and how that loss would impact the surviving partner’s ability to maintain their current standard of living. This means factoring in daily living expenses, property taxes, home