If you were to die while you still have a mortgage, how would your partner and family cope with the payments? Life insurance cover guarantees that your family will be protected if the worst happens while you still have a mortgage (or any other outstanding liabilities as covered in the policy). If you die within a set term, a tax-free lump sum is paid out to clear your outstanding mortgage balance.
Life insurance means that you and your family are safe in the knowledge that the home is secure should the worst happen to you. It can also ensure that any outstanding debts and funeral costs are not passed onto your loved ones.
There are lots of options to explore and we can provide advice on the best products to suit you.