Hi there,
I took out life insurance for my mortgage - I took this out with my bank.
I also decided to take out Specified Illness Cover.
I received the policy docs this morning and saw that the two are in a combined policy - I thought they would be handled separately.
From reading posts on this site, it seems a better proposition to have them separately. The paperwork in the policy also says that if the policy is assigned to the bank (which it is) then the Specified Illness Cover is payable to them.
I've left message for the guy who I dealt with to contact me - I think I should try to get 2 separate policies (obviously though I can't cancel the one I have at the moment because my mortgage is still to be drawn down).
Any advice?
I took out life insurance for my mortgage - I took this out with my bank.
I also decided to take out Specified Illness Cover.
I received the policy docs this morning and saw that the two are in a combined policy - I thought they would be handled separately.
From reading posts on this site, it seems a better proposition to have them separately. The paperwork in the policy also says that if the policy is assigned to the bank (which it is) then the Specified Illness Cover is payable to them.
I've left message for the guy who I dealt with to contact me - I think I should try to get 2 separate policies (obviously though I can't cancel the one I have at the moment because my mortgage is still to be drawn down).
Any advice?