Life insurance question

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julia640

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Post by julia640 » Tue Aug 11, 2020 12:40 pm
I have £25 monthly paid into life insurance in my income for my iva application. They want to talk to me about it. Why and what does this mean. I have revealed so much to them so far, what will they need to know about this?

Foggy

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Post by Foggy » Tue Aug 11, 2020 1:02 pm
Life insurance isn't considered a neccessity and they may reject it as an agreed allowance --- this will depend, among other things, on why you have it and how long you have had it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

abbiesmum2003

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Post by abbiesmum2003 » Tue Aug 11, 2020 1:40 pm
We took out life insurance with critical care cover when we got our first house. Our monthly direct debit towards this was never questioned during our IVA (£51/month). It was an allowable expenditure throughout the whole term and was never questioned or challenged at any review. We were with Creditfix. Hope its nothing to worry about and is allowed to continue.

MrMole

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Post by MrMole » Tue Aug 11, 2020 2:03 pm
Maybe they want to sell you some more?

julia640

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Post by julia640 » Wed Aug 12, 2020 7:33 am
Thank you for answers so far which have been very reassuring
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