My apologies for that rant.
In the case of the story that I was talking about, the family had just gone out and bought a house for $600,000 or something like that. My point was that they could easily have bought a $500,000 house and used the difference for life and disability insurance.
This is probably one time when that over-priced mortgage insurance would have been a good box to check at the closing.
If they took insurance out when they bought the house, wouldn't that pay for the rest of the mortgage in case of death of the husband or wife?