Life insurance question
22 September 2008, 09:58 AM
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Life insurance question
I'm just about to come off my 3 year mortgage deal, and have arranged to see my bank tomorrow to sort out another one. She said to me to bring my mortgage details, contents insurance and my life insurance! the problem is, I've never had life insurance - didn't know I had to have it, or do I?? Is it compulsory to take it out or what???
22 September 2008, 10:02 AM
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It's normally reccomened because if you die , your life insurance will cover it and they not have to kick your greiving wife out the house because she can't afford the repayments and also the bank don't loose out.
I think that's true I'm no mortgage expert lol
I think that's true I'm no mortgage expert lol
Last edited by Ant; 22 September 2008 at 10:06 AM.
22 September 2008, 10:05 AM
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Ah right - I'm no expert either mate, first house n all that! Didn't know if its a legal requirment or not!?!? It might even be built in to my mortgage?? well, I'll soon find out tomorrow!!
22 September 2008, 10:06 AM
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