Home Loan Requirements Drive Life Insurance Sales

Lifeinsurance-SouthAfrica is reporting an increase in the number and amount of life insurance policies being sold. The reason behind this increase in sales is an increase in the number of people now qualifying to receive home loans. One of the requirements that must be satisfied in order to obtain a home loan is that the principal must have an active life insurance policy of a value high enough to cover the amount of the loan.

Online PR News – 16-February-2010 – – Mendham, NJ 02/16/10 -- Lifeinsurance-SouthAfrica is reporting an increase in the number and amount of life insurance policies being sold. The reason behind this increase in sales is an increase in the number of people now qualifying to receive home loans. One of the requirements that must be satisfied in order to obtain a home loan is that the principal must have an active life insurance policy of a value high enough to cover the amount of the loan.

It has been common practice dating all the way back to ancient Greece and Rome for the family that survives the death of the breadwinner to be taken care of and provided for. It may have been the state that had to step in and care for them, but in many cases certain individuals and groups were paid in advance (the very earliest forms of life insurance).

Even if one does not have a home loan, one should give serious consideration to taking out a life insurance policy with a value equal to five times the annual salary of that individual. This amount should provide adequate coverage to pay for funerals and final expenses, pay off existing debts, and leave the family with some cash to operate on. For those obtaining home loans, the value of the policy needs to be equal to five times the annual salary plus the amount of the home mortgage.

For more information about how lifeinsurance-SouthAfrica can aid individuals in meeting the requirements for home loans, visit them on the web at http://www.lifeinsurance-southafrica.co.za. Interested members of the press method more information about this company and the services that it provides by contacting

Susan Smith

Public Relations

Justin Harrison Marketing

P. O. Box 311, Mendham, NJ 07945

PHONE: 001-973-531-4982

FAX: 001-973-543-5683

E-MAIL: pr@JustinHarrisonmarketing.com

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Contact Information
Susan Smith
P. O. Box 311
Mendham NJ, 07945

+ 00 1 973 531 4982