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From: dave@cylixd.UUCP (Dave Kirby)
Newsgroups: net.invest
Subject: Re: Mortgage Insurance
Message-ID: <446@cylixd.UUCP>
Date: Wed, 6-Nov-85 11:36:35 EST
Article-I.D.: cylixd.446
Posted: Wed Nov  6 11:36:35 1985
Date-Received: Thu, 7-Nov-85 06:48:44 EST
References: <1229@mhuxt.UUCP> <81@noscvax.UUCP>
Reply-To: dave@cylixd.UUCP (Dave Kirby)
Organization: RCA Cylix Communications , Memphis, TN
Lines: 23
Summary: SHOP AROUND

In article <81@noscvax.UUCP> dberg@noscvax.UUCP (David I. Berg) writes:

>The question to ask is: If my household should lose my income, could my family
>continue to live comfortably in their present home?  If the answer is no, then
>mortgage insurance should be seriously considered.


Absolutely. And let me add a caveat here: shop around. Those ads you get
in the mail offering mortgage life insurance are usually from inferior
(according to Best) insurance companies, and have outrageous rates. You
pay for the convenience of mailing the response card.

The bigger companies offer much better rates and more security. Sometimes
you can do better with a plain decreasing term life insurance policy that
pays off in cash to the beneficiary, rather than to the mortgage company.


-----------------------------------------------------------------
Dave Kirby    ( ...!ihnp4!akgub!cylixd!dave)

(The views expressed herein are the exclusive property of Dave Kirby.
Any person, living or dead, found with the same or similar opinions
will be prosecuted to the fullest extent of law.)