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The New DU. Reply #9: Mortgage Death Insurance is usually not worthwhile
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EvolveOrConvolve
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Mon Dec-18-06 04:50 PM
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| 9. Mortgage Death Insurance is usually not worthwhile |
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A term life insurance policy would have been better.
The $144.43 you've invested per quarter over 14 years would have added up to almost $17,000 dollars if you had invested it rather than paying for the insurance policy. I'm not sure what the balance is on your mortgage, but your house might be paid off if you'd invested wisely then paid off the mortgage.
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