Callainach
Registered User
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- 2
Hi folks, looking for recommendations on how to approach mortgage protection insurance. Myself and partner are both in our mid-thirties and getting a 28-year mortgage which we plan to overpay pretty much from day one. No kids at the moment but planning on having them in next 3-4 years. I've heard advice just to get the basic/cheapest mortgage protection possible to satisfy the bank and take out a separate life policy to cover the family once the kids come along. But would a convertible MPP make more sense to avoid future medical underwriting? Also, how would a basic MPP be affected by overpaying the mortgage?