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 life insurance isn't legally required for a mortgage, it's highly recommended to protect your family's financial future. A policy can help repay the mortgage and cover living expenses if you pass away, preventing hardship for your loved ones.
Unlike life insurance, house insurance is mandatory for loan approval. Other valuable policies for homeowners include income protection and mortgage protection insurance. To determine the right level of cover for your needs, it's best 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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