We were sold a 25 year Standard Life Decreasing Term Life Assurance policy / Mortgage Protection Plan on our first property / mortgage in 1990.
It was also a condition according to the company representative who we had the meeting with.
We have moved twice since then and mortgage amounts increased (with same lender) but we continued to pay the same monthly premium.
Should the original policy been amended / updated to coincide with increased borrowing / coverage ?
Thank-you
It was also a condition according to the company representative who we had the meeting with.
We have moved twice since then and mortgage amounts increased (with same lender) but we continued to pay the same monthly premium.
Should the original policy been amended / updated to coincide with increased borrowing / coverage ?
Thank-you
Standard Life Assurance Policy with Halifax Repayment Mortgage Question
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