Home loans and Life policy

FNB Home loans and Life insurance

After accepting FNB's home lone offer and going through all the nitty gritty to get the house that we are buying in our name, FNB decides that our life insurance is not good enough (The same one we used last time we bought a house with them) and we have to have an added retrenchment benefit. Apparently, most polisies don't offer that benefit but FNBs policy does which is convenient for them. The policy is rediculously over priced and gets added to your loan amount where they charge interest! The cover reduces as your home loan reduces and once your home loan is payed up you are not covered anymore.

I am disgusted by FNB and the way they conduct business