mortgage insurance

cartmell

I have mortgage insurance but not critical illness cover attached to it, obviously I thought when I was sold it by the company Halifax saying it would cover us for unemployment and illness we thought we were well covered. Only to find that when we did claim (through my husbands stroke and now unable to work) we were only covered for 2 years. Is this classed as mis-sold PPI and do I have a claim. If so where do I begin. Thank you:mad:

dunstonh

Is this classed as mis-sold PPI

No. Not buying a product does not mean you were mis-sold.

MPPI is a short term insurance. Critical illness cover is not bolted on to MPPI. It is more typically bolted onto life assurance or available as a standalone plan.

I would suggest you check your life assurance to see if the critical illness cover is bolted on to that.

These products, unlike MPPI, are normally sold via an adviser and not a clerk. So, Halifax should have a factfind, needs analysis and have issued you with a report summary. They keep these on file.

The ideal scenario with most people is to have life assurance, critical illness cover, permanent health insurance and MPPI (sometimes certain bits may be left off due to existing coverage with work or existing plans). However, most people do not take out all the things they need as they feel it is too expensive to cover.