Mortgage protection policy

[Suzierea]

Hello im not sure if this is the right place to post this as i couldnt find any other posts on this subject. I was looking throw some paperwork and came across my mortgage protection assurance and now im panicking a bit. The policy was taken out in 2009 and on it the length of policy is 35yrs but in 2009 it should have been 32yrs so at the moment i have 21yrs left on my mortgage so do i need to amend this with insurance company or will they let me change it? I am with royal london (was caledonian ) thanks for any advice

 

[Protocol]

You'd panic if its term was shorter than the mortgage term.

 

[Monbretia]

It doesn't matter, you can just cancel it when the mortgage is paid.

 

[Suzierea]

Wasnt sure if god forbid ( hopefully never will ) me or my partner needed to make a claim that it would go against it. Thats all. Thanks gor reply

 

[Fridayman]

You should also review the cost of the policy. If you've paid of part of the mortgage you could get a cheaper policy else were.