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Posted: Tue Aug 05, 2014 10:05 am
by Martin.lp
Can I take out life insurance while in an IVA ?
Posted: Tue Aug 05, 2014 10:08 am
by Adam Davies
Hi and welcome
Yes you can, not sure if creditors will agree in in your expenditure but you could fund the monthly cost from savings that you make from other agreed expenditure allowances
Regards
Posted: Thu Aug 07, 2014 9:14 am
by Shining
Hi and welcome. I would think that's very sensible, if you took out a low premium one now it can always be increased after the IVA concludes. I rejigged all my life insurances after IVA ended to ensure things were in place.
Posted: Thu Aug 07, 2014 6:40 pm
by Random Lady
Hi - we were allowed to include payments against the life insurance that would pay the mortgage off but not against additional life insurance (i.e. critical illness). We are going to look at sorting that when we receive our Completion Certificate.
Posted: Fri Aug 08, 2014 2:36 pm
by Struzzo39
Hi we were allowed to have personal life insurance in regard to redundancy and life insurance for a mortgage within our I/e but it was something we had prior to the arrangement
Posted: Sat Aug 09, 2014 8:30 am
by seagulls
We were allowed to pay life insurance to cover the mortgage . Good Luck with it