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  • FIRST POST
    • shaziam
    • By shaziam 7th Feb 18, 10:19 PM
    • 45Posts
    • 11Thanks
    shaziam
    income protection insurance for self employed
    • #1
    • 7th Feb 18, 10:19 PM
    income protection insurance for self employed 7th Feb 18 at 10:19 PM
    Hi looking for advice please, we took out a mortage in 2006 my husband is self employed and was told he needed insurance to cover should he come out of work, he was paying this monthly up until last year, the payments started off around 60 and over the years were close to 100 a month, he questions whether he actually needed this insurance and now he puts that money away each month. please can someone help as to if he did have to have this for our mortgage application to go through, if not who can he seek further advice regarding making a mis sold claim.

    thanks for any advice regards sharon x x x
Page 1
    • dunstonh
    • By dunstonh 7th Feb 18, 10:23 PM
    • 92,660 Posts
    • 59,985 Thanks
    dunstonh
    • #2
    • 7th Feb 18, 10:23 PM
    • #2
    • 7th Feb 18, 10:23 PM
    if not who can he seek further advice regarding making a mis sold claim.

    income protection is an important insurance held in high regard. He obviously wanted it.
    Why would you put a missale complaint in?
    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 7th Feb 18, 10:47 PM
    • 20,163 Posts
    • 11,106 Thanks
    Moneyineptitude
    • #3
    • 7th Feb 18, 10:47 PM
    • #3
    • 7th Feb 18, 10:47 PM
    he questions whether he actually needed this insurance and now he puts that money away each month.
    Originally posted by shaziam
    Do you really think "putting away" 100 a month provides the same level of insurance cover as an Income Protection policy?

    I can assure you it doesn't.

    Nothing you have detailed indicates that any mis-sale has taken place.

    Your husband is now taking a huge gamble by cancelling this insurance, self employed or not..
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