We are talking through the options with the bank tomorrow, but I wanted to come with a bit more prep.
Our main thinking is we can do standard Group and keep our excellent term insurance, which is offered through my wives work and has very good rates.
If we go with the major 7 coverage, we have to choose either .3% interest a month, or standard (Term insurance like?) fee scheduling.
Which would be preferential for a mortgage @9000 man over 35 years? Probably the fee structure, not the interest type?
- Bonus: Any thoughts on full-term reduction plans vs initial reduction plans?
by Choice_Vegetable557