I recently sold my house with my finacee and am looking at building a new house over the coming 2 years. We had a mortgage protection policy that lapsed with the sale of the property.
As we don't have a mortgage at the moment we have no form of life insurance. Is it possible to get a new life insurance policy and at a later stage modify it to cover the new mortgage? If it is possible is it worth doing?
As we don't have a mortgage at the moment we have no form of life insurance. Is it possible to get a new life insurance policy and at a later stage modify it to cover the new mortgage? If it is possible is it worth doing?