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COLLY_WOLLY
Posts: 1 Newbie
My Wife and I purchased our house with a joint mortgage in 1999, an over the phone financial adviser for the mortgage company advised a mortgage repayment policy which we took out. This policy pays the mortgage +25% for 2 years for sickness or redundancy. Imagine our dismay when on trying to claim on this policy after my wife became unwell we were told that only myself is covered. Why would this company only issue a policy for 1 person when the mortgage was in joint names?:(
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Why would this company only issue a policy for 1 person when the mortgage was in joint names?
Cost typically. Or if the income between the spouses is heavily biased towards one of you.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.0
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