This week on ‘Talking Money’ which is on RTE’s Drivetime Mondays at 18:15 we covered the issue of mortgage arrears and how it impacts on insurance, in particular life cover.
The problem we see time and again is that people cancel their life insurance to save money and that is false economy, or worse, they took out cover with the bank and it’s tied to the mortgage payment so that when you miss one you miss the other, this is a mistake and we set out what you have to do to fix it.