Wednesday, January 28, 2015

Is there a way you can assign a life insurance policy while living to pay off your mortgage after you die?

Is there a way you can assign a life insurance policy while living to pay off your mortgage after you die?
Added (1). I currently have life insurance through my employer. If something were to happen to me, I would like the burial costs and remaining mortgage to be deducted from the policy amount so my family won't have to pay anything. The remaining would go to my children. How would I set something like this up? I am in the state of Wisconsin.

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