Compulsory life insurance with IVA?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
sonja
Posts: 1
by sonja » Sat Oct 14, 2017 4:17 pm
Do u have to have life insurance with a Iva. i have applied for Iva and I feel I have been forced to take life insurance
User avatar
kallis3
Forum Expert
Posts: 72039
Contact
by kallis3 » Sat Oct 14, 2017 4:32 pm
Which company are you with? We had to take out insurance with ours but it was included in our payments. Nothing to worry about.
User avatar
Foggy
Forum Expert
Posts: 24151
Contact
by Foggy » Sat Oct 14, 2017 5:17 pm
If it is funded from the payments I wouldn't worry --- if you do pass during the IVA at least your estate will be free of debt.
Twiglet
Posts: 21
by Twiglet » Sat Oct 14, 2017 6:38 pm
I didn’t have life insurance for the entire time of my IVA (only finished earlier this month) and wasn’t asked to take it out although I do not know the ins and outs on reasons you may be asked to take it. It’s probably not a bad thing to have though if they account for it within your payments.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: london_lady and 14 guests