Can I have life insurance with an IVA?

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andrea747

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Post by andrea747 » Wed May 01, 2019 4:28 am
Can I have life insurance with an IVA?

Foggy

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Post by Foggy » Wed May 01, 2019 6:51 am
You can, but I imagine that you would have to fund it from other allowances in your I&E. I doubt the creditors will allow it to be paid for as a seperate expense. You might (although there is no logical reason for it) find that some insurers refuse to cover or increase premiums.
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kallis3

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Post by kallis3 » Wed May 01, 2019 8:13 am
Some companies, such as Payplan, insist you have their insurance which is included in your agreement.
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mumof3

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Post by mumof3 » Thu May 02, 2019 1:06 pm
We have life insurance. No problems at all and included in our allowances.

luluj

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Post by luluj » Fri May 03, 2019 12:29 am
It was something I managed to keep going through savings in my allowances as it was important to me
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jhonpaul12

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Post by jhonpaul12 » Thu Aug 08, 2019 10:48 am
Yes you can take but not not sure that if creditors will agree in your expenditure.If you have life insurance in place for the duration of the IVA then, should you die, it would presumably pay out and help resolve any remaining debt....
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