Quick query
I have 2 houses, the family home which is covered by a life insurance policy as required. I have life insurance still on my old house that is not the family home and is now a rental property.
A financial advisor told me I no longer need the the life insurance on the second property as its an investment property and the banks don't require it.
Can anyone confirm if that is the case?
I have 2 houses, the family home which is covered by a life insurance policy as required. I have life insurance still on my old house that is not the family home and is now a rental property.
A financial advisor told me I no longer need the the life insurance on the second property as its an investment property and the banks don't require it.
Can anyone confirm if that is the case?