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mortgage protection insurance do i need it

BEAT_THE_DEBT
BEAT_THE_DEBT Posts: 2,219 Forumite
Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
edited 7 June 2012 at 9:24PM in Insurance & life assurance
Hi i am an nhs worker with 6mth full 6mth half pay. My husband gets 4 weeks full. And redundancy package. I have critical illness with mortgage life cover. Do i need mortgage ppi? Would it pay out if we have these benefits.
thanks
btd

Comments

  • dunstonh
    dunstonh Posts: 121,288 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Do i need mortgage ppi?

    Possibly. Depends on your spouse contribution to the mortgage and your ability to take the slack as well as the size of your savings.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • BEAT_THE_DEBT
    BEAT_THE_DEBT Posts: 2,219 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    Yep i understand what you are saying i need to know i could afford to pay is my husband could not work.
    Thanksx
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