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Anti-Empire
The SakerA bird's eye view of the vineyard
Public InquiryInterested in maladministration. Estd. 2005
Human Rights in IrelandPromoting Human Rights in Ireland |
'First Let's Hang all the Insurers'![]() ![]() ![]() ![]() (With apologies to Shakespeare) TESCO Mortgage Life Insurance Explain me this someone. You take out life insurance on your mortgage. You must pay the premiums over 15 or 20 years, whatever. Your insurance company is fattening up a nice little nest egg out of your money. And all the time the amount of money they will pay your partner/whoever in the event of your death is actually decreasing as time goes by. The logic is that because the money you owe to your mortgage lender is decreasing because of the huge payments you are also making to them, then the less money you will need from your insurer to pay off your mortgage if you or your partner dies. So the more money you give to your insurer, the less they will pay out if you die. What thieving bullshit is that? Does anyone know anyone working in insurance? Kick them up the arse and tell them to get a respectable job, then. |