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  • Mortgage Payment Protection Insurance: Do Those Who Need it Most Take it out?


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    Interest-only mortgages put insurance in doubt

    12.04.11

    UP to 50,000 mortgage holders who have been forced to switch to paying the interest only on their mortgages were warned yesterday that they may need to change their mortgage protection insurance.

    If they do not, their mortgage may not be properly insured if they die and a claim is made, Caledonian Life said.

    Mortgage protection is a form of life insurance that pays off your mortgage if you die.


    Source: Irish Independent

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    Would you buy a mortgage from the supermarket?
    Would you buy a mortgage from the supermarket?