Americans have remained engaged with debts due to recession and other monetary obligations followed by salary reduction and job layoffs. A large number of citizens have rested their hopes on the debt settlement agencies which have promised to provide them with debt relief. However, in this write up let us concentrate on debt insurance which is a very valuable product which allows a person to carry an insurance amount as a protection for their existing and approaching debts. This product can also help your family to take on the debt matters in the event of the death of a family member or if there rises an urgency due to job loss. The very first step that needs to be followed in order to get hold of debt insurance is to make a list of all the debts that you owe such as your unpaid credit card bills, your car loan that is lying unpaid or the mortgage bills for which you are getting constant reminders. Next is to arrange and prioritise your debts to know which of them are to be taken care of sooner and faster. After having gone through a series of research you can finally count on an insurance company which can offer you with debt insurance products or sometimes even the credit card companies may also offer you with similar products where your debts can be paid if there is a death in the family or a major health disability. You can have your entire debts covered by contacting an insurance agent who will complete the necessary paperwork, and once your policy is approved, your insurance amount will go down as the amount of your debt ceases.