Mortgage Life Insurance
The policy provides your family and loved ones with the security of knowing that the mortgage will be taken care of and they will get to stay in the family home should you die.
Mortgage Life Insurance is normally taken out a Decreasing Term basis meaning that the value of your cover will reduce over time roughly in line with the balance of your mortgage debt.
This is usually the most cost-effective way of arranging Life Insurance as the risk to the insurer declines over time as the balance of your cover falls.
Click here to read our guide on Life Insurance