income protection insurance for self employed

shaziam

Hi looking for advice please, we took out a mortage in 2006 my husband is self employed and was told he needed insurance to cover should he come out of work, he was paying this monthly up until last year, the payments started off around £60 and over the years were close to £100 a month, he questions whether he actually needed this insurance and now he puts that money away each month. please can someone help as to if he did have to have this for our mortgage application to go through, if not who can he seek further advice regarding making a mis sold claim.

thanks for any advice regards sharon x x x

dunstonh

if not who can he seek further advice regarding making a mis sold claim.

income protection is an important insurance held in high regard. He obviously wanted it.
Why would you put a missale complaint in?

[Deleted User]

shaziam wrote: »

he questions whether he actually needed this insurance and now he puts that money away each month.

Do you really think "putting away" £100 a month provides the same level of insurance cover as an Income Protection policy?

I can assure you it doesn't.

Nothing you have detailed indicates that any mis-sale has taken place.

Your husband is now taking a huge gamble by cancelling this insurance, self employed or not..