Soldato
I have just moved house to one that has a larger mortgage on it than my previous one, and only me paying it.
My equity is good so I am getting the best mortgage deals on the market, which makes my monthly payments affordable without stretching my budget.
I have a policy with Aviva that pays out for critical illness & life insurance, however it's only covering about 40% of my outstanding mortgage, this was taken out based on my previous mortgage. This is costing me around £12 a month at the moment.
My workplace would probably look after me for a few months if I couldn't work in terms of sick pay, but I don't think they could do so forever, so I'd rather have my own instruments in place where I can.
I was looking at MPPI from a few places using compare the meerkat. I can get MPPI (sickness and accident only) that would pay around half my salary for a tenner a month or so. It pays a maximum period of 2 years, with a deferred starting period of 6 months.
It doesn't sound too bad but wondered if most people here bothered with it.
I have also asked Aviva to quote me for increasing my cover on the critical illness plan to cover most of the outstanding mortgage instead of just 40% of it. I don't really want to be paying loads each month for insurances so just seeing where my best options are.
My equity is good so I am getting the best mortgage deals on the market, which makes my monthly payments affordable without stretching my budget.
I have a policy with Aviva that pays out for critical illness & life insurance, however it's only covering about 40% of my outstanding mortgage, this was taken out based on my previous mortgage. This is costing me around £12 a month at the moment.
My workplace would probably look after me for a few months if I couldn't work in terms of sick pay, but I don't think they could do so forever, so I'd rather have my own instruments in place where I can.
I was looking at MPPI from a few places using compare the meerkat. I can get MPPI (sickness and accident only) that would pay around half my salary for a tenner a month or so. It pays a maximum period of 2 years, with a deferred starting period of 6 months.
It doesn't sound too bad but wondered if most people here bothered with it.
I have also asked Aviva to quote me for increasing my cover on the critical illness plan to cover most of the outstanding mortgage instead of just 40% of it. I don't really want to be paying loads each month for insurances so just seeing where my best options are.