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| *Loan,banking and credit>>>bank loan |
I currently have a bank loan with payment protection supplied by hsbc, the bank im with.? |
would there be any chance i could stop the insurance, then get that money back, and get independant payment protection which would be cheaper. i doubt they would refund the premiums for credit insurance you have already used (think about asking your health insurer to refund premiums becasue you were not sick) unless you prepaid a significant portion of the insurance. On a side note, credit life and disability insurance is a complete ripoff. you will probably never collect even if you have an incident warranted by your policy. "Sep 30, 2005 -- What types of insurance do you REALLY need There is a lot of confusion these days over what types of insurance you really need. There are only three. But first let鈥檚 discuss the kinds of insurance you don鈥檛 need. One kind of insurance you should never buy is credit life insurance, also known as 鈥渃roak and choke.鈥?Mortgage life insurance is the technical term. The salespeople pretend it鈥檚 a great idea, claiming that if you die your debts are paid off. But how important is it to pay off your debts when you鈥檙e gone? Basically, with this insurance, the bank gets paid off and gets your money instead of your heirs. In addition, the premiums are about 10 times as high as traditional types of life insurance. Mortgage life鈥檚 cousin is credit life insurance, and you are pushed to get this when you buy a car or other big purchase. These are sold as protection for you, but really they provide protection for the bank. So, it鈥檚 essentially like putting lipstick on a pig. Maybe it looks better, but it鈥檚 still a pig. Another popular item is the variable annuity. It鈥檚 almost never a good idea to buy one of these because there are monstrous commissions. What about cancer insurance? If you get cancer, you need health insurance and term life insurance, and that鈥檚 it. And, if you can鈥檛 work and need replacement of your income, you want disability insurance. Those are the only three you need. All the others you can chuck. What about your car? You don鈥檛 need rental insurance when renting a car, first of all. If you get in an accident, you鈥檒l owe regardless of whether you have insurance. And usually your credit cards or auto insurance company has some type of temporary rental car coverage. PEC or 鈥減ersonal effects coverage,鈥?which covers things stolen out of your rental car, is not necessary either. " Source(s): http://clarkhoward.com/shownotes/categor... hello michael I found interesting information about your answer & options here. http://all-debt-consolidation-loan.blogs... Good luck! HELLO EVERYONE My name is Mrs Grace Doris,i want to use this medium to let you know of a good private money lender who save my family out of financial difficulties,i was having bad credit,and my poor mum was looking for money to set up a new business,we went to the bank but they refuse to lend us a loan,so i and my mum thought the whole world was coming to an end before a friend of mine told me of a certain loan lender named Mr Richard Brown,she said he helped her and her entire family of a big loan amount,so i decide to give him a try,my friends i am glad to tell you that i got the loan from him and both me and my lovely mum are happy today.so if you are in need of a loan i will like you to contact via his email at longby_firms@yahoo.com NOTE:do any thing he ask you to do and you will certainly obtain your loan. i promise you that you will never regret doing business with Mr peters jams HELLO EVERYONE My name is Mrs Grace Doris,i want to use this medium to let you know of a good private money lender who save my family out of financial difficulties,i was having bad credit,and my poor mum was looking for money to set up a new business,we went to the bank but they refuse to lend us a loan,so i and my mum thought the whole world was coming to an end before a friend of mine told me of a certain loan lender named Mr Richard Brown,she said he helped her and her entire family of a big loan amount,so i decide to give him a try,my friends i am glad to tell you that i got the loan from him and both me and my lovely mum are happy today.so if you are in need of a loan i will like you to contact via his email at longby_firms@yahoo.com NOTE:do any thing he ask you to do and you will certainly obtain your loan. i promise you that you will never regret doing business with Mr peters jams I'm not gonna give you a looong answer. Short sweet and to the point. They will refund just say that you were not aware that it was on there (if you haven't used it) . I work for a credit card company and see this all the time. |
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