MPPI on Joint Mortgage

edited 30 November -1 at 1:00AM in Insurance & Life Assurance
scotgirlscotgirl Forumite
805 Posts
edited 30 November -1 at 1:00AM in Insurance & Life Assurance
Hi I posted on the Mortgages board but maybe it would be better here!

Sorry if this has been asked before but I did search and couldn't quite see the answer I wanted!

We have just bought our first place and we both work full time earning about the same salary. I want to take out MPPI and have read Martin's article. Can someone tell me:
  • If there is Joint MPPI available and who is most competitive
  • If single policies are cheaper are we supposed to take out the Insurance to cover the full payment per month, ie. our mortgage is £550 a month - should we both be insured for £550 a month or should we be insured for £275 each per month to cover our share if anything happens?
Any advice for a clueless first time buyer appreciated! :confused:
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