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Were you told insurance was compulsory?

(@Anonymous)
New Member

t's a common complaint that consumers are told they must buy a mortgage protection insurance policy from the same provider as the loan or credit card to be accepted for the product. Any company that subscribes to the banking code agrees it will not insist that you buy an insurance product from them, so although it can request that you have PPI from somewhere, it does not have to be from them.

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Topic starter Posted : 22/04/2011 6:55 am
(@Anonymous)
New Member

Re: Were you told insurance was compulsory?

yes I was told that a term policy is very important to be included in your financial portfolio.
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Posted : 04/05/2011 11:24 am
(@Anonymous)
New Member

Re: Were you told insurance was compulsory?

Most of the companies are doing this for there own market, but it should be the choice of the client that he wants insurance or not.

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Posted : 11/05/2011 12:38 pm
(@Anonymous)
New Member

Re: Were you told insurance was compulsory?

If you have ever applied for a loan, mortgage, credit card, store card or HP you will no doubt have been offered an insurance plan that “protects” or “covers” repayments in the event that you cannot make the payments, maybe due to ill health or redundancy.
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Posted : 13/06/2011 5:44 am
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