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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Some companies, such as Payplan, insist you have their insurance which is included in your agreement.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
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....
