When it comes to pay off mortgage before 30 years, you pay more in short time. But, if a homeowner dies before paying off loan fully, foreclosure may occur. The plan covers death, disability or job loss.
Ask yourself the following questions: Do I need the income to last the entire life time? Will there be enough money to a surviving spouse?
Does your life insurance policy offer a provision that provides cash for treatment in case of terminal illness or disability?