Can anyone recommend a life insurance policy designed to cover a mortgage of 97,000 euros for a 67 yrs old girl?
My bank account with Bankia was taken over by CaixaBank last October. I have been paying a life policy with my Bankia mortgage for decades. Caixa bank took on the mortgage but not the life insurance policy which had been in situ since 2008. At this late age, I find this out by just checking on things after the take over, to my horror. I am old to start a new life insurance, and am afraid of cost.
I also found that the same bank, changed my bank account number without telling me, telling me that this would not happen and causing some issues of payment. When checking on my house insurance 'building and contents' alongside the life policy, again in place since 2008, I found the Ocober payment was not paid by them and so was 'cancelled' by Hogar plus, leaving my home unproteted. They did not mention anything to me and just say they do not deal with other insurances. I now need a policy for this purpose too. Can this be legal? Had I not asked for clarification on my insurance policies, I would not know they were no longer there , after paying all these years and thinking I had cover for my mortgage when I die and that it would go to my daughter via my Spanish will , also in place since 2008. Looking for good insurance products and any advice.