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. Lenders will mandate house insurance, but life insurance provides a crucial financial safety net for your family if you pass away.
A good policy can help cover the mortgage, funeral costs, and living expenses. Homeowners might also consider income protection or mortgage protection insurance.
To ensure you have the right cover for your circumstances, it is wise to seek professional financial advice.
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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