Life Cover Uk
Can the bank request to be placed as benificiary in my life insurance?
I work in Iraq and I am applying for a mortgage, HBOS said it does not break money unless I put as the main beneficiary of my insurance work, although I have a separate full life cover policy in the United Kingdom, it is normal a bank to make such demand or simply being unreasonable after about what the country on its knees
Think for a moment about the purpose of the request. Is to ensure that the debt to them is refunded if you die before the mortgage is redeemed. If you do not want to have the bank as beneficiary on the insurance policy of your work, organize a new insurance policy the bank have adequate and as a beneficiary of this policy.
