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Permanent income insurance vs mortgage insurance
I already have a permanent income insurance and I wonder what benefit I could get if I subscribe also a mortgage insurance.
I don't see the reason at the moment because my insurance covers whatever reason until my retirement age, after that I guess I'll take a one way ticket .
The coverage is 29% higher than my monthly life cost, in other terms, it covers my entire life cost, including mortgage, car and whatever secondary thing you can think of. In a very bad event, I can forget these things so I consider myself widely covered.
Obviously my cover doesn't overtake 65% of my net income, it's a requirement when you subscribe.
Anything else I should think of?
Oh, the only 2 insurances that I don't have is the Accident and Sickness and Private Health Insurance, those are provided by my company, I know I should take them to avoid being excluded in future, especially for pre-conditions and after you changed job (nice trap), I'm just waiting for a better deal.
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