And if, like 33% of people in the UK, you have no insurance to pay off the mortgage when you die*, you can end up leaving a hefty bill for your dependants. This is why it's worth considering Level Term Assurance. This is a sum selected in line with the outstanding mortgage that remains constant until the mortgage is paid. At this point, all cover ceases.
Level Term Assurance can also be used to provide additional protection for your dependants, providing a lump sum to them in the event of your death. Many people choose a term up to when their children are no longer financially dependent on them.
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*Source - National Statistics Online.