Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site decwrl.UUCP Path: utzoo!linus!decvax!decwrl!dec-rhea!dec-raja!merrill 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 Sender: daemon@decwrl.UUCP Organization: Digital Equipment Corporation Lines: 15 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