Mortgage Life Insurance (also known as Mortgage Protection) - designed just for you
Mortgage Protection Cover secures your mortgage loan in the event of an untimely death. As you pay off your mortgage, your cover will reduce to reflect the reducing amount you owe on your mortgage. The fact that the level of cover reduces over the term of your plan keeps the cost of this plan lower than any other forms of life assurance. The payments and benefits under this plan are guaranteed. That means you will always know how much you are paying and how much will be paid out.
The amount of life cover you need and the length of time you should be protected for obviously depends on the amount of your mortgage and how long you have left to pay it off.