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Mortgage Protection Using Life Insurance from Mutual of Omaha.

Posted on | December 22, 2008 |

About a month ago, I posted about offers for Mortgage Protection Using Life Insurance being on the Rise.  Well, today I received yet another offer. This time from the Mutual of Omaha Insurance Company.

At least this one only had the purchase price of my home listed as the value, and not the real outstanding balance of my mortgage!

Anyway, regardless of how accurate their information is, or how they’re getting it the fact remains it’s a bad deal. I already have life insurance, and one of the main reasons is to pay off the mortgage. Of course, it’s also to provide for my children, and generally replace my income so my wife wouldn’t face financial hardship on top of the emotional hardship caused by my loss.

Is anyone else getting a peppered with these offers, or am I just the “lucky” one?

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