Your Trustee will note his interest in your policy to allow creditors to benefit in the event that the policy was to pay out.
You will be given an allowance to maintain the monthly premium to the policy in your Sequestration expenditure.
May not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
Free debt counselling, debt adjusting and providing of credit information services is available to customers by contacting MoneyHelper.