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Life Assurance.
GHewitt
Posts: 14 Forumite
I have mortgage decreasing life insurance to cover the cost of the mortgage if I died. I also have another term self assurance policy which is not decreasing term (although I did ask for it) which is to cover my childrens school fees if I should die. I have been advised that only one policy would be paid out if I die. Is this true?
0
Comments
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I don't think it's true.
You can have as many life assurance policies as you want.
Who told you this?
What were their qualifications?
Where did they get the information from?
If in doubt the read the policies but I don't think there is any restriction.0 -
its not true. There is no restriction on quantity of policies.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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