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Who should own PHI policy for a houseperson?
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Chris_P_2
Posts: 194 Forumite
Should a houseperson own the PHI policy on them, or should their working partner?
All Im thinking is in regards to waiver of premium: it makes more sense to have the houseperosn own it??
All Im thinking is in regards to waiver of premium: it makes more sense to have the houseperosn own it??
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Comments
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Income Protection/PHI mostly the policy holder will own the policy. The main exception to this would be companies taking out policies on their staff.
With regards to Waiver most include it anyway in the price after the deferred period. Infact i cant think of any that dont.I am a Mortgage AdviserYou 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.0
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