📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can I cancel life insurance but guarantee wife gets house should something happen to me?

2»

Comments

  • 400ixl
    400ixl Posts: 4,482 Forumite
    1,000 Posts Third Anniversary Name Dropper
    It isn't just a case of her being able to pay the mortgage, she would need to pass a lenders affordability tests to be able to get her own mortgage. She couldn't just take over your mortgage as she is not named on it.

    Adding her to the existing mortgage would make this much easier. 
  • Marcon
    Marcon Posts: 14,616 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    If your wife can afford the mortgage payments, and all other bills (as your answers suggest), why do you need to 'save' on the life insurance? Surely pooling your funds would be a better bet, to ensure the life cover is kept in place?
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture