Hi,
My wife and I are taking out a mortgage and looking for the best deal in mortgage protection. She works at home and currently has no life cover. I have a good Death in service policy through my employer which would cover the loan amount if I died.
Can I use this policy as my cover for the mortgage? If so are we still obliged to take out mortgage protection for my wife? Or are we obliged to take out a new joint policy to cover the mortgage?
Thanks.
My wife and I are taking out a mortgage and looking for the best deal in mortgage protection. She works at home and currently has no life cover. I have a good Death in service policy through my employer which would cover the loan amount if I died.
Can I use this policy as my cover for the mortgage? If so are we still obliged to take out mortgage protection for my wife? Or are we obliged to take out a new joint policy to cover the mortgage?
Thanks.