Life Insurance and House

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29 Jan 2007
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Now this will come across as being a little morbid but say for instance an individual who is working and young and still living parents, finds out that he/she has a life threatening disease and is given ex amount of months or years to live.

Would it be possible for them to get a mortgage for a house i'm assuming you don't have to give your medical status and then get life insurance for the house. Then would that house once the person has passed away be fully paid for if the individual is with another person and signed in the deeds and not working?

Weird question i know but just intrigued..
 
The only way to make this work is to take out life insurance before becoming ill and taking out a mortgage. (Although the mortgage bit is irrelevant really).

If you die, then BINGO! For your dependents/parents that is...:D

that was the point in asking the question :) if ever i was in this predicament although hopefully not!
 
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