Loan Protection

Mike_Day

My Mum and Dad took a HSBC flexi loan out with the Payment protection, my Mum passed away 6 weeks ago does the payment protection cancel the loan due to the death?

bengalknights

Best to contact them and find out as they may have terms that state loans taken out jointly have to be paid by either partner.

opinions4u

Ask the insurer.

If she's second named, probably not.

_Andy_

The loan protection covers just accident sickness and unemployment so doesn't pay out a lump sum.
That said, don't take my word for it (or anyone else here), ring the company to check.

[Deleted User]

some lenders who offered PPI also offered death insurance as an extra/alternative,but PPI doesnt cover death

jonesMUFCforever

woodbine wrote: »

some lenders who offered PPI also offered death insurance as an extra/alternative,but PPI doesnt cover death

I think it depends on the bank.
LTSB does.

opinions4u

Halifax ppi always provided life cover for the first named.