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Endowment Mortgage

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Does an Endowment Mortgage with life cover to cover the mortgage class into PPI? DG
Member #8 of the SKI-ers Club
Why is it I have less time now I am retired then when I worked?

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No. It's an endowment with life cover. Only PPI is PPI.
  • dunstonh
    dunstonh Posts: 119,791 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It is not possible for an endowment to have PPI on it.

    PPI is s specific type of insurance. So, all the other types of insurance are not PPI. Not life assurance, not car insurance, not house insurance, not pet insurance etc. Only PPI is 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.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    This question is being asked so often lately, it should probably be a "sticky thread" or in the "Important Discussions" thread at the top of the forum..
  • donny-gal
    donny-gal Posts: 4,661 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks folks, I really couldn't see how, which is why I asked, as the inference is everyone should be able to claim for something.
    Member #8 of the SKI-ers Club
    Why is it I have less time now I am retired then when I worked?
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