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Can creditors make you pay the debts to them from life insurance?

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Comments

  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thank you all so much for your input, much appreciated.
    I now have insurance in place so "panic over" xx.
  • amersall wrote: »
    I have done this, i am 51 and in good health, managed to get a policy that did not cost an arm and a leg.£20,000 for 20 years from tesco for £15.71, well worth it to put my mind at rest.Had to take longer term to reduce the monthly premium.

    You could have got it cheaper elsewhere. Less than £8 as a non-smoker and less than £13 as a smoker. This is on the basis that the plan is level.
    I am a Chartered Financial Planner

    A
    nything posted on this forum is for discussion purposes only. It should not be considered financial advice as different people have different needs.
  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    claretmatt wrote: »
    You could have got it cheaper elsewhere. Less than £8 as a non-smoker and less than £13 as a smoker. This is on the basis that the plan is level.
    I went on a comparison website and that was the cheapest. Will take another look, will see if i can cancel tesco i only did this wednesday. Thank you.
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