Hi,
I am a novice with insurance. Basically I was sold a whole of life policy three years ago and I think I was ripped off. Currently paying 75 a month for 300,000 cover for myself, which has critical illlness as well. It has no cash-in value.
I am thinking of changing and getting Mortgage protection (of about 126000) and then term insurance for 25 years? This is working out about 35 euro cheaper/month. Regarding critical illness, someone informed me to leave this out and get income protection insurance instead. No idea what that is.
Has anyone any advice?
I am a novice with insurance. Basically I was sold a whole of life policy three years ago and I think I was ripped off. Currently paying 75 a month for 300,000 cover for myself, which has critical illlness as well. It has no cash-in value.
I am thinking of changing and getting Mortgage protection (of about 126000) and then term insurance for 25 years? This is working out about 35 euro cheaper/month. Regarding critical illness, someone informed me to leave this out and get income protection insurance instead. No idea what that is.
Has anyone any advice?