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PPI & Life Assurance

I am a little confused. I have taken out a loan to go Motor Racing. I have seriously been thinking about Life Assurance as Motorsport is dangerous. I would love to have a payout for my relatives if anything happened God forbid! But I would like some cover for my loan as well just in case I can not work for any reason. Help1 I am so so confused whether to take out both or one only, and if so which one?
I am full of joy, abundance, wealth and love.
I am a money magnet. Money comes easily and frequently.
Canada excursion fund £1243/2500
£10000 from £100 challenge £0/£10,000

Comments

  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You are probably best seeking advice as you would not qualify for standard terms but have a rating due to increased risk. That means any price you see online is highly unlikely to be the price once it has gone through underwriting. So, a bit of phoning around with the underwriters will be best for you to see who would treat you the best. You cant do that but an IFA can as well as give advice on your needs.
    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.
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