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  • FIRST POST
    • johnsg
    • By johnsg 13th Mar 17, 7:48 PM
    • 1Posts
    • 0Thanks
    johnsg
    Is Mortgage Insurance PPI?
    • #1
    • 13th Mar 17, 7:48 PM
    Is Mortgage Insurance PPI? 13th Mar 17 at 7:48 PM
    I've had two repayment mortgages since about 1997.
    On both, I have repayment insurance that charges me a premium each month. In short, I think these would clear the balance of the mortgage if I died.

    This doesn't sound quite like PPI, but I'm wondering if it is - and worth claiming?

    Can anyone advise?

    Thanks.
Page 1
    • dunstonh
    • By dunstonh 13th Mar 17, 8:02 PM
    • 92,555 Posts
    • 59,837 Thanks
    dunstonh
    • #2
    • 13th Mar 17, 8:02 PM
    • #2
    • 13th Mar 17, 8:02 PM
    This doesn't sound quite like PPI
    That is because it isnt.

    and worth claiming?
    if you die, then yes.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Moneyineptitude
    • By Moneyineptitude 13th Mar 17, 8:05 PM
    • 20,127 Posts
    • 11,073 Thanks
    Moneyineptitude
    • #3
    • 13th Mar 17, 8:05 PM
    • #3
    • 13th Mar 17, 8:05 PM
    I I think these would clear the balance of the mortgage if I died.
    Originally posted by johnsg
    PPI is a short term policy covering unemployment and sickness.

    Life Assurance covers mortality.

    You have Life Assurance.

    You don't have PPI and you don't have any complaint.
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