Archive for the 'Mortgage insurance' Category

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News - Britons ‘facing life cover worry’

Millions of families could face future financial church financial loss insurance because their main household earner does not have life insurance, a survey claims.

Most people believe that a policy which supports their family if they die is the most important cover they can
take out, mortgage bank Abbey said.

But only 54% of those surveyed actually owned […]

News - L&G fight mis-selling fine

And some information of locked funds insurance small businesses.

Legal & General (L&G) began its battle today to overturn a 1.1m fine for allegedly mis-selling mortgage endowment policies.

Millions of people in the 1980s took out endowments to finance their mortgages and as many as half of those may have been mis-sold.

The Financial Services Authority (FSA), which […]

News - The protection racket

BBC Radio 4’s Inside Money 2005 returns on Saturday, 23 July at 1204 BST.

The programme will be repeated on Monday, 25 July, 2005 at 1502 BST.

Payment protection insurance (PPI) is supposed to provide a safety net for borrowers and help them weather financial storms.

The insurance is meant to cover their monthly loan repayments if […]