Hi all, please feel free to move this if it's not in the right forum!
Does anyone else find it hard to understand the financial advise out there? DH and I had a talk with an advisor in our bank about the life insurance we took out when getting the mortgage, and I'm still not very clear about it. We are paying ~€110 a month for life cover of 170 k and serious illness of 90 k (approx), which seems rather expensive, and not really in line with what we need. The high cost is to offsett the premium rising in later years as we get older apparently????
The other thing that happened recently is that there was a financial services company that had a series of meetings with people in work. I went to talk to an advisor, but appart from advising to move our mortgage to a tracker mortgage (which we have been thinking of doing for a while) and filling in a form to do that, and sending out information on education savings plans (?) he didn't really give any general advice, and I was left with the feeling that he was just trying to sell stuff, and that I would be better off doing my own research.
Is this a common experiance? I'm off to reread the key posts now, and try to make sense of them, but I thought I could talk to the 'proffesionals' (SP) and get advice, but I haven't had that experiance...