Q. Can I drop my daughter that finished college and got married?
A. Sure, but you probably have to wait until the open enrollment period at work – that’s when you can generally add or drop dependents.
Is that going to leave her uninsured though? Is she eligible for another group health plan? She can stay on your health plan until she’s 26, even if she’s married. Here’s more on getting dropped from a parent’s health plan.
Q. Is there an insurance policy that pays off the mortgage when one of the insureds dies?
A. Mortgage life insurance specifically pays off a mortgage. But I wouldn’t buy that. Instead I’d buy a regular term life insurance policy that covers the time period of the mortgage and any other large debts. Then the beneficiary can use the benefit for whatever is needed, be it the mortgage, final expenses, etc.
Here’s a good discussion about the pros and cons of mortgage life insurance from Cash Money Life.