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Insurance to cover Spanish Mortgage- Help
magdelana
Posts: 16 Forumite
I have got a spanish mortgage but you can't take out life insurance to cover the mortgage over there.
I want cover but don't know were to start. Can anyone help me please.
I want cover but don't know were to start. Can anyone help me please.
0
Comments
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Any help please !0
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Take out an equivalent life policy in the UK for the right amount/term in £ sterling. In the event of your death your executors will just have to convert the sum assured into Euros and send over to Spain to repay the mortgage. Have you made a Will in Spain? If not you should do this as well.I am a director of Torquil Clark Life Insurance (formerly Life Policies Direct), a specialist protection broker. Posts on this forum do not constitute or imply advice and are for discussion purposes only containing generic information. If you need individual guidance please seek advice from a suitably qualified, registered and authorised financial adviser0
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