wasser@viking.DEC (John A. Wasser) (10/01/85)
> About once per month I get a friendly letter from my mortgage company > encouraging me to buy mortgage insurance. Since it looked like junk > mail, I tended to throw them away. However, upon recent examination, > the idea looks like it has some merit. I also get such letters (from several companies, not just my mortgage holder). You can be fairly sure that most unsolicited insurance offers (or other financial offers) are designed to separate a fool from his money. I throw these offers away as they arrive. -John A. Wasser REMEMBER: PLACE YOUR VOTE AGAINST JUNK MAIL! THROW IT AWAY EARLY AND OFTEN! Work address: ARPAnet: WASSER%VIKING.DEC@decwrl.ARPA Usenet: {allegra,Shasta,decvax}!decwrl!dec-rhea!dec-viking!wasser Easynet: VIKING::WASSER Telephone: (617)486-2505 USPS: Digital Equipment Corp. Mail stop: LJO2/E4 30 Porter Rd Littleton, MA 01460
king@kestrel.ARPA (10/01/85)
In article <615@decwrl.UUCP>, wasser@viking.DEC (John A. Wasser) writes: > > > > About once per month I get a friendly letter from my mortgage company > > encouraging me to buy mortgage insurance. > > I throw these offers away as > they arrive. > > -John A. Wasser > > REMEMBER: PLACE YOUR VOTE AGAINST JUNK MAIL! THROW IT AWAY EARLY AND OFTEN! > You can avoid receiving junk mail. Contact your postmaster for details. -dick
msc@saber.UUCP (Mark Callow) (10/02/85)
Dick King writes > You can avoid receiving junk mail. Contact your postmaster for details. > > -dick I did and you can't. This is an extremely unhelpful and misleading comment. Why didn't *you* give the details? The post office can do nothing about junk mail. And my postmaster did not know about the Direct Marketing Association. You can write to them and have your name taken off many (but not all) junk mail lists. This was discussed in the not unadjacent past in this very newsgroup. If I get enough requests for details on the DMA I can ferret them out and post them. -- From the TARDIS of Mark Callow msc@saber.UUCP, sun!saber!msc@decwrl.ARPA ...{decwrl,ucbvax}!sun!saber!msc, ...{amdcad,ihnp4}!saber!msc
tw8023@pyuxii.UUCP (T Wheeler) (10/07/85)
Just a note to say that, if you feel the need for some type of mortgage protection, DO NOT BUY MORTGAGE INSURANCE. Go out and buy a normal every day decreasing term policy. They are much much cheaper and provide the exact same protection as so-called mortgage insurance. Mortgage insurance is nothing more than decreasing term with a fancy name and a fancier price. T. C. Wheeler
hlb@loral.UUCP (10/09/85)
Rather than decreasing term why not choose a annual renewable term
policy that may be more cost effective. In that way you can decrease
the coverage as your needs change rather than it be decreased for
you.
Also, not all mortgage insurance policies require the mortgage lender
be the beneficiary although I've seen some that do. The spouse or
the trust should be beneficiary because it may not be prudent to
pay off the mortgage at time of death.
UUCP: {ucbvax, ittvax!dcdwest, akgua, decvax, ihnp4}!sdcsvax!sdcc3!loral!hlb
-or- {ihnp4, cbosgd, sdcsvax, noscvax}!crash!hlb
ARPA: crash!hlb@ucsd
crash!hlb@noscdavew@shark.UUCP (Dave Williams) (10/09/85)
In article <242@pyuxii.UUCP> tw8023@pyuxii.UUCP (T Wheeler) writes: >Just a note to say that, if you feel the need for some >type of mortgage protection, DO NOT BUY MORTGAGE INSURANCE. >Go out and buy a normal every day decreasing term policy. >They are much much cheaper and provide the exact same >protection as so-called mortgage insurance. Mortgage >insurance is nothing more than decreasing term with >a fancy name and a fancier price. >T. C. Wheeler The people who sell this type of policy try to impress on the prospective buyer that the mortgage is paid off completely, including pay-off penalties, should the insured die. Pay-off penalties, if they are wriitten into your mortgage, are typically 3 to 6 months of interest on the loan. Even including this money into a good decreasing term policy, the premiums can be one-half or less of a comparable mortgage insurance policy. Don't be afraid to shop around. -- Dave Williams Tektronix, Inc. Graphic Workstations Division *********************** * This space for rent * * * * (cheap) * ***********************
marie@ucbernie.BERKELEY.EDU (& desJardins) (10/15/85)
I recently saw a TV blurb (on one of those news magazines) about a guy who liked to get junk mail. He heated his house by burning it in a wood stove. Not a bad idea, at least it's a little useful that way (very Californian, much more environment-conscious than throwing it away). marie desjardins park