Research shows concerns about housing debt as people enter retirement.

At one time in our recent past, most people retired with no housing debt.  Getting the house paid off was one of the important considerations to retirement.  Today many couples retire with housing debt and some even buy a home and take on debt as they retire.  One thing that often isn’t taken into consideration is that if one of them dies, it is much more difficult to meet all of the financial obligations.  Having sufficient life insurance to pay off all debt, including any mortgage debt, can ensure that the surviving spouse doesn’t have to struggle to meet these obligations in the event of the death of a partner.  Be sure you are protecting your loved ones with sufficient planning including life insurance.