Our renewal of mortgage protection came up this week. It is paid annually. It is 900 euro per year and doesn't offer serious illness protection.
We are currently switching from BoI to Avant for our home mortgage.
for mortgage protection, I got a quote for 400 per year for the same amount as we are currently covered for (250k) that includes serious illness cover.
Is there any problem switching mortgage protection from one provider to another like this mid term and when switching providers?
Also I was considering increasing mortgage protection amount as a form of life policy (is that a good idea? We are early 50s and mortgage is until we are 70)
Any thoughts?
We are currently switching from BoI to Avant for our home mortgage.
for mortgage protection, I got a quote for 400 per year for the same amount as we are currently covered for (250k) that includes serious illness cover.
Is there any problem switching mortgage protection from one provider to another like this mid term and when switching providers?
Also I was considering increasing mortgage protection amount as a form of life policy (is that a good idea? We are early 50s and mortgage is until we are 70)
Any thoughts?