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Non-term life insurance seems a good counterpoint. The price of the insurance may equal effectively a second mortgage over some timeframe but it can be priced.
by zaroth 8y ago
Non-term life insurance seems a good counterpoint. The price of the insurance may equal effectively a second mortgage over some timeframe but it can be priced.
In reality the risk of loss across the region is not nearly as high as implied.
- lotsofpulp 8y agoNon term life insurance is a waste of money ignoring any tax advantages that don’t apply for most people since you can just directly invest the premiums in a low fee index fund and not pay the overhead costs of the life insurance company. If the price of the insurance was so high that it was a second mortgage, then that would still devastate real estate prices and still cause economic decline in the region.