Basically am getting confused about all the policies on offer - ideally want to be protected for mortgage if I'm ill, die, have an accident or made redundant, but want to buy one policy that does it all, is this possible? Been quoted £100 a month for all this (4 separate policies, life, trauma, sickness and unemployment) and wondered if that is reasonable? Thanks
2007-11-07 03:13:30 · 3 answers · asked by HelenS 2 in Business & Finance ➔ Renting & Real Estate
The policy is called 'Credit Life'.
Worst investment one can make. Find a financial adviser and better investments for REAL protection.
2007-11-07 04:32:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
These policies have had a very bad press.
It is very rare for them to pay out.
If you can afford £100 a month, put that away in a good interest earning account. That way, if you remain fit and well and employed you will have a nice little nest egg in a few years time.
2007-11-07 13:03:40 · answer #2 · answered by BRIAN S 3 · 0⤊ 0⤋
Take out regular disability insurance and term life insurance on each other. Its much cheaper and better.
2007-11-07 12:45:52 · answer #3 · answered by sm4125 3 · 0⤊ 0⤋