No one likes to think about it, but...Blog added by Paivi Kaufman on July 18, 2011
Mortgage Protection and Insurance Services Inc.

Paivi Kaufman

Hollywood, FL

Joined: April 13, 2011

No one likes to think about it, but according to the 2001 Commissions Standard Ordinary Table of Mortality, a 30-year-old male has a one out of 10 chance of dying before paying off a 30-year mortgage. At the age of 35 the same male would have a one out of seven chance of dying before paying off a 30-year mortgage. At the age of 40 he would have a one out of four chance of dying before paying off that mortgage. At age 45 he would have a one out of three chance of dying before paying off that mortgage and at age 50 he would have a one out of two chance of dying before paying off the mortgage.

These statistics are sobering and certainly gives one something to think about.
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