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Insure loan repayments if already retired
Mags84
Posts: 1 Newbie
Hi my husband and i have just taken out a loan. We only want to insure him against death. As he is already retired and has his pensions and benefits if he took ill his money would not change. So we only want to cover him if he dies our loan is for 7 years. I only work part time so if i died he would not loose a lot of money but i would if he died. can anyone suggest a insurance policy to suit thanks.
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Comments
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decreasing term assurance would fit that requirement.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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