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Mortgage Term Assurance HELP
katdan
Posts: 15 Forumite
i have 2 policies to cover my mortage should anything happen to me or my husband so that the mortgage will be paid off. I have been told that because I have 2 none of them will pay out, can anyone verify this for me.
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Comments
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That is wrong
They will both pay out should anything happen to you during the term of the policies - are they life cover only policies?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 -
As herbiesjp, what you have been told is rubbish. If you can afford it you can have 100 policies!0
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i have 2 policies to cover my mortage should anything happen to me or my husband so that the mortgage will be paid off.
Please clarify, "should anything happen"I have been told that because I have 2 none of them will pay out, can anyone verify this for me.
Could you clarify for us what type of policies these are.
Are they for Accident, Sickness and Unemployment?
Are they in the event of Death?
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
if they are income protection policies they won't necessarily both pay out, life/critical illness will.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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