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ppi or life insurance
Comments
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hello again sorry to be a pest. At the point I bought my mortgage (2007) I was told I needed insurance so I took out a separate decreasing life insurance for value of the mortgage to cover death only with the same bank. This is a separate payment to my mortgage payment that I want to have, will this be what the bank is calling my ppi?
sorry again but if I'm paying for something I didn't want, don't know I have or need I'd like to get it all back rather than losing 30% to a claims company
What is the name of the product. If it the total mortgage protection plan (TMPP) then that could be life assurance, critical illness, income protection or MPPI (or combination of those). The bank may be referring to that product as PPI if you have the MPPi segment. However, only that bit is PPI. The bits are not PPI are not PPI.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 -
Yeah that's it tmpp so if I try to make a claim my life assurance wont be affected?What is the name of the product. If it the total mortgage protection plan (TMPP) then that could be life assurance, critical illness, income protection or MPPI (or combination of those). The bank may be referring to that product as PPI if you have the MPPi segment. However, only that bit is PPI. The bits are not PPI are not PPI.0
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