Hi,
Two years ago we (my wife and I purchased) our PPR and the requirement to have Life Assurance was waived. Two years later, we still have no life assurance and will soon hopefully embark on a self build for a property of significantly higher cost & value. The more I think of it however, the more concerned I get about the implications for my wife should anything happen to me prior to taking out a policy for the new build (possibly several months away). My question therefore is firstly, can I now purchase a Life Assurance policy albeit not knowing exactly how much of a mortgage I would need covered, and secondly what type of policy should I purchase? Thanks in advance, fmmc
Two years ago we (my wife and I purchased) our PPR and the requirement to have Life Assurance was waived. Two years later, we still have no life assurance and will soon hopefully embark on a self build for a property of significantly higher cost & value. The more I think of it however, the more concerned I get about the implications for my wife should anything happen to me prior to taking out a policy for the new build (possibly several months away). My question therefore is firstly, can I now purchase a Life Assurance policy albeit not knowing exactly how much of a mortgage I would need covered, and secondly what type of policy should I purchase? Thanks in advance, fmmc