Buying guide
Do you need life insurance for a mortgage?
Everything you need to know about insurance now you’ve got a mortgage
AI summary
While not legally required for a mortgage, life insurance is highly recommended to protect your family. A policy can help cover your mortgage, funeral costs, and living expenses, ensuring your loved ones can keep their home if you pass away.
Lenders do mandate house insurance to protect their investment. Other valuable options for homeowners include:
- Income protection insurance
- Mortgage protection insurance
It is best to seek professional advice to determine the right level of cover for your specific circumstances.
Do I need life insurance when I buy a home?
Why is life insurance a good idea when you buy a home?
It's always a good idea to speak to an advisor before getting insurance.
How much cover do I need?
If you've got people who depend on you it's worth considering life insurance, especially if you have a mortgage.
What other insurance should I consider as a homeowner?
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