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Tonya Said:

what is best pay my mortgage or invest ? I have 50,000 from a life insurance and my mortgage is 90,000.?

We Answered:

Since you are looking at reducing a mortgage or investing, I assume your home loan is either the only loan you have or it has the highest interest rate. If this is untrue, then the choices should be paying the highest interest loans or investing.

The smart move is to invest only if the net earnings from the investment would be higher than the interest you pay on your loans. A proper analysis would consider the present value and future value of the investments and mortgage.

Fernando Said:

Life Insurance?

We Answered:

Say you have a life insurance, you still have mortgage or debt to pay, you die prematurely, your spouse or no one co sign any mortgage or debt, your legal spouse would not have to pay the mortgage or debt you owe, becasue there is no co signing under you. If your spouse is a co signer under you, they will not collect or get any benefit as your spouse is still in a legal binding contract to pay off the mortgage or debt that you left. (No co sign, they get none, co sign, they will only get the payment like as if you were living and paying from your spouse). It vary from case to case as everyone status is different.