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T O P I C R E V I E W
Overspent
Posted - 07 August 2010 : 15:21:16 We went bankrupt end of july 2009 and were lucky to be awarded an early discharge, no IPA on 1 Feb 2010. Yesterday I received (not my husband) a letter from OR asking me to send over our life insurance policy details...............how much is this likely to cost us? Any thoughts most appreciated. Thank you :-)
4 L A T E S T R E P L I E S (Newest First)
debtrider
Posted - 09 August 2010 : 22:46:56 It would think just be £50 if it's just one policy.
Debtrider
Overspent
Posted - 08 August 2010 : 14:26:45 Thank you both....it's only to cover the mortgage in event of death and decreases in value annually. WE thought 50 just not sure if that's each or just a single payment.
debtinfo
Posted - 07 August 2010 : 17:45:56 Unless it has a surrender value and then you have to pay whatever the value is
debtrider
Posted - 07 August 2010 : 17:28:04 If you want to keep the life policy going then it will cost around £50 to buy it back from the OR. Otherwise stop paying the premiums.
