Life assurance mortgage 16 August 2020 at 8:33AM in Reclaim PPI & other insurance 3 replies 111 views

mikelab

Can you tell me what happens when the mortgage is paid can you continue with the life assurance

[Deleted User]

Yes.        

tacpot12

Deleted_User said:

Yes.        

Is that right if the Insurance Policy is an Endowment? When the endowment pays its lump sum to clear the mortgage, can the life insurance element continue?  

Thrugelmir

tacpot12 said:

Deleted_User said:

Yes.        

Is that right if the Insurance Policy is an Endowment? When the endowment pays its lump sum to clear the mortgage, can the life insurance element continue?  

No. The life assurance element finishes when the policy does.