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Critical Illness Cover for Mortgage

d9457u · 2009-08-25 09:37:00

I've just arranged my mortgage through a broker and he has informed me that life assurance/crictical illness cover is required on all interest only mortgages. Is this true? I had the understanding that most life assurance policies etc were a waste of money? Thanks

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koexelek Posts: 7,847 Forumite

25 August 2009 at 1:04PM

d9457u wrote: »

Would he be getting a commission from the insurance firm for selling me this cover?

Did you think he was trying to sell it out of the goodness of his heart ?:o

I am a Mortgage adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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Critical Illness Cover for Mortgage

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