Is Mortgage Insurance PPI?

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johnsg
johnsg Posts: 10 Forumite
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in Reclaim PPI & other insurance
I've had two repayment mortgages since about 1997.
On both, I have repayment insurance that charges me a premium each month. In short, I think these would clear the balance of the mortgage if I died.

This doesn't sound quite like PPI, but I'm wondering if it is - and worth claiming?

Can anyone advise?

Thanks.

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  • dunstonh
    dunstonh Posts: 116,558 Forumite
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    This doesn't sound quite like PPI
    That is because it isnt.
    and worth claiming?
    if you die, then yes.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    johnsg wrote: »
    I I think these would clear the balance of the mortgage if I died.
    PPI is a short term policy covering unemployment and sickness.

    Life Assurance covers mortality.

    You have Life Assurance.

    You don't have PPI and you don't have any complaint.
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