Quote:
Originally Posted by frankenm
This is just insurance for your loan
Pay your loan off early (e.g. refinance, payoff) and you can actually get a portion back based on how long you have had it ... this is where it makes it worth it if you plan on having this for peace of mind and still not lose out too much money.
It is a good deal if you use it or take advantage of it ... otherwise it is a waste of money.
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Every insurance plan is a "waste of money" if you don't have to take advantage of it. But it REALLY sucks if something happens and you don't have it. You're paying for peace of mind.