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Pay off a Mortgage

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You are here:  Home > Pay off a Mortgage

 
 

Pay off a Mortgage:

   
 

If survivors so desire they can use a life insurance lump-sum payment to retire the mortgage on the home so the family can continue to live there free of mortgage payments. This decision may be made because the family feels it is best not to uproot the children from their environment or because the housing market is down currently and the home could probably bring much more when the market improves, thereby retaining the home's equity.

Another option

Another option is to put the life insurance funds to work earning interest and use only the interest and money from another source, or use both the interest and principal, for the monthly mortgage payments. Life insurance can meet a family's exact needs because of its flexibility.

     Select a desired coverage amount:
 
 

Life Insurance Benefits

  • Affordable
  • Flexible Payment Options
  • Lump Sum Settlement
  • Many Payout Options
  • Death Benefit is tax-free
 
 
North Coast Life Insurance
1116 West Riverside Avenue
Spokane, WA 99201
Toll-Free (800) 541-5858
Local (509) 838-4235
Fax (509) 747-8569
Hours: Mon-Fri 8-5, Pacific
 
 
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