1% — So much for so little - 1%
Do you know that for only about the equivalent of 1%* more interest than the rate you
are now paying on your mortgage you can arrange to have your home go to your family
free and clear of debt if you should not live to complete payment? For this small addi-
tional payment you can purchase Mortgage Insurance sufficient at all times to pay off
the remaining balance of your mortgage.
When a personal loan is obtained, many lending institutions automatically include in-
surance in the amount of the loan on the life of the borrower as part of the transaction.
Doesn't it make sense to make the same provision on a mortgage, the largest and longest-
running debt most of us will ever incur?
If you have an unprotected mortgage, just return the enclosed card for complete informa-
tion --- there is no obligation.
* Age 35 — older ages only slightly higher.
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