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Valuable Life Cover

I'm just applying for a Virgin credit card, and have come to the section of the application which asks about "valuable life cover". Now I'm hesitating just a little. The payment of 72p per £100 isn't that much, I realise, but is it really necessary - i.e. is it just a way for them to get a bit of money back?

All help appreciated. Thanks.

Comments

  • teksat2k
    teksat2k Posts: 53 Forumite
    Think it's generally considered that any 'extras' such as life & payment protection cover are very overpriced when compared with what is available elsewhere
  • fatboyonadiet
    fatboyonadiet Posts: 5,400 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Wouldn't bother, most people don't unless you think you personally need it, just an extra way for them to make money. And possibly for you to waste it! Welcome to the boards too!
    2p off is still 2p off!
  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Although they say life cover it sounds to me like PPI. Read this article to see why you should say no.
  • heatopher
    heatopher Posts: 10 Forumite
    Well, that seems clear enough. Thanks Folks, and thanks for the welcome. I should have been here a long time ago, but hopefully better late than never.
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