.... because your bank is not being transparent and honest with you. Most likely you are talking about a mortgage. Somewhere burried in the contract I am sure it is mentioned you require life insurance. That is the reason why you need insurance. However, the bank can not force you to take the insurance with them. You have every right to put in place the insurance through an insurance provider of your choice.
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.... because your bank is not being transparent and honest with you. Most likely you are talking about a mortgage. Somewhere burried in the contract I am sure it is mentioned you require life insurance. That is the reason why you need insurance. However, the bank can not force you to take the insurance with them. You have every right to put in place the insurance through an insurance provider of your choice.
Does it cover loss of employement or redundancy ?
because in case of death or disability, your loan will be covered by insurance since you will not be able to pay.