P543 Teletext 543 Oct23 21:01:00       —————————————————————————————————  CAN I INCREASE MY MORTGAGE INSURANCE? Dear Teletext, I work in the semi-conductor industry and for safety I am thinking of increasing the premiums of my mortgage protection insurance. Will this affect any payout? And how should I go about it as I don't really want to approach the insurers directly? Susan, Oldham, Lancs. ——————————————————————————————————1/6—— Your money 542 Property Plus 544 YOU COULD GET MORE FOR YOUR POLICY WITH S.E.C. SEE p626 Property Mortgages Savings City
P543 Teletext 543 Oct23 21:02:00       —————————————————————————————————  CAN I INCREASE MY MORTGAGE INSURANCE? Sue Anderson of the Council of Mortgage Lenders says: "If she has reason to believe her job is insecure, the insurer will regard that as affecting her cover if she tried to increase the cover now." She adds: "But if she does not have prior knowledge and nothing has been passed on to her about her job, it won't affect her ability to claim." Susan needs professional advice. ——————————————————————————————————2/6—— Got a question for our advice clinic? Write to: Advice Clinic, PO Box 297, London SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
P543 Teletext 543 Oct23 21:00:01 Advert ADVICE CLINIC >>      —————————————————————————————————————— * Don't surrender your endowment policy - call AAP  * You can get up to 35% more than your policy's surrender value.  For your free valuation & brochure     (24 hour service) Absolute Assigned Policies Ltd3/6 regulated by the Personal Investment Authority Property Mortgages Savings City
P543 Teletext 543 Oct23 21:02:11       —————————————————————————————————  CAN I INCREASE MY MORTGAGE INSURANCE? While Susan might not want to approach the insurers directly, Sue Anderson of the Council of Mortgage Lenders says she should at least talk to an insurance broker for some independent advice. She also suggests Susan gets in touch with the Association of British Insurers for a leaflet giving details of how to insure your mortgage and how to claim in the event of redundancy. ——————————————————————————————————4/6—— Got a question for our advice clinic? Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
P543 Teletext 543 Oct23 21:01:11       —————————————————————————————————  CAN I INCREASE MY MORTGAGE INSURANCE? For a borrower to claim on their mortgage protection policy in the event of redundancy, the insurer will want to be satisfied he or she was unaware redundancy was looming at the time the policy was taken out. "The insurer will want to make sure it was a genuine piece of misfortune. "An insurance company is going to query it if the person lost the job a few weeks after signing the policy." ——————————————————————————————————5/6—— Your money 542 Property Plus 544 NINTENDO 64,HI-FI AND PLAYSTATION UP FOR GRABS see p200 Property Mortgages Savings City
P543 Teletext 543 Oct23 21:01:01 Advert ADVICE CLINIC >>>>   INVESCO The No.1 PEP in EUROPE offering: Top -INVESCO European Performance Growth Fund 296% over 5yrs -INVESCO European Smaller Companies 276% over 5yrs. Good Value -Low cost Affordable -Monthly from £35, Lump Sums from £1,000 Free Guide -Independent Mail on Sun. guide to PEPs/ISAs- Yours FREE- call 0500 484 562 INVESCO Asset Management Ltd,reg.byIMRO *Source Micropal offer to bid gross income reinvested to 31/7/98 Property Mortgages Savings City