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Critical illness cover & the like
Citizen_Kanes_Abel
Posts: 14 Forumite
Should these aim to cover the entire mortgage? some sites start at about £15 > 30k but mortgage is £115k, things get quite expensive in that range.
thoughts?
thoughts?
0
Comments
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Typical financial need is for all debts to be covered in full plus around 4 times income. However, that is very rough as things like savings would need to be considered as well.
CIC is expensive as it has quite a high payout rate.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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