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From: merrill@raja.DEC
Newsgroups: net.invest
Subject: On the Worth of Mortgage Insurance
Message-ID: <1137@decwrl.UUCP>
Date: Tue, 29-Oct-85 08:11:57 EST
Article-I.D.: decwrl.1137
Posted: Tue Oct 29 08:11:57 1985
Date-Received: Fri, 1-Nov-85 00:18:28 EST
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Since the insurance normally is designed to 
payoff the mortgage when you die, you are 
unlikely to get many firsthand reports (here).

My opinion is that it is not a good investment,
since I suspect that the premiums are roughly
the same as for any form of declining coverage
but I do not know whether you MUST pay off the
mortgage with the proceeds or not.  If the 
beneficiary MUST pay off the mortgage then they
are deprived of other options which they would
have had through ordinary life insurance.

RMM