Life Assurance

Originally Posted by El Saxo

I was thinking about this the other day.

AFAIK I have no life insurance at all. Given that I still live at home with parents, if I *heaven forbid* meet my maker, would my parents be liable for stuff that I owe (i.e. balance on credit card & finance on the SV)?

No, they're not. (unless they signed as guarantors)

Posters are reminded that life insurance, critical illness cover, family income protection, income protection, accident sickness and unemployment cover and buildings and contents are REGULATED products.

I.e. without being authorised by the Financial Services Authority it is illegal to give advice on any of the products

However, it is nearly impossible to say who's good or who's the best as they're all good for certain people in certain circumstances.

as ever, shop around see a couple of brokers who deal with all the different companies and get some cost comparisons.

Originally Posted by El Saxo

Given that I still live at home with parents, if I *heaven forbid* meet my maker, would my parents be liable for stuff that I owe (i.e. balance on credit card & finance on the SV)?

Sleep easy Andy. Answer is no - they aren't liable, unless they have guaranteed your debt. Your estate is responsible, and if you ain't got 'owt then it'll die with you