Question by paul h: What is the best way to shop and compare for disability insurance? 30 year term life insurance?
We want to buy a house and since stated income loans are no longer available, a friend has offered to cosign for us to help us get the loan we need. We want to be sure that no accident will keep me from being able to pay the mortgage so that we all can sleep soundly. Thanks for any advice!

Best answer:

Answer by Insurance Pickle.com
An insurance broker can do all the shopping for you. The price is the same through the broker and they’ll know the nuances of each company to get you the right plan with the right company. They’re free, so use them. As far as your plan of having a friend cosign a loan….not a fan of that decision, but why you want coverage really has nothing to do with your question anyway. Perhaps you’d simply like your spouse to continue to live there.

Finally….disability insurance companies don’t work on stated income either. You’ll need to pony up your tax returns, so if you write everything down to zero then you won’t qualify for disability. It’ll also affect how much life insurance you can get.

Not sure which piece of information someone is thumbs-down or if they’re just being an idiot. Regardless, you can buy a 40 year term Mr. Zargg. Perhaps answering questions in insurance isn’t your thing.

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