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Level Term assurance and Mortgage Decreasing Term
Greenlaw93
Posts: 1 Newbie
We have just moved to a larger house and need increased cover. When looking at our documents we currently have a joint mortgage decreasing term assurance with critical illness but we also have a joint level term assurance. Do we need to have both?
0
Comments
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Do you need to? no. You don't need anything.
Do you have a financial need for it? possibly. Most families do but you havent told us anything about you. So, its impossible to say.
If you have a family or spouse/partner then its quite normal, indeed the most common way of doing your life assurance. a DTA for the mortgage and an LTA for your family protection.0
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