Hi would like some opinions from people in the know.
We have a 35 year mortgage since 2008 costing us E1116 per month and on top of that we have house insurance policy of E23, mortgage protection of E53 and also income protection of E63.50 with Genworth. Our insurances are costing us in the region of E150 per month. We are meeting our mortgage payments but I am trying to cut down our spending this year.
I was thinking of cancelling our Genworth income protection policy. Am I mad to be thinking of this? Just to say both my partner and i work in v. small companies in the private sector.
Any opinions appreciated!
We have a 35 year mortgage since 2008 costing us E1116 per month and on top of that we have house insurance policy of E23, mortgage protection of E53 and also income protection of E63.50 with Genworth. Our insurances are costing us in the region of E150 per month. We are meeting our mortgage payments but I am trying to cut down our spending this year.
I was thinking of cancelling our Genworth income protection policy. Am I mad to be thinking of this? Just to say both my partner and i work in v. small companies in the private sector.
Any opinions appreciated!