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. It provides a lump sum to help cover mortgage repayments, funeral costs, and living expenses if you pass away.
Lenders do mandate house insurance to secure the loan. Other valuable options include income protection and mortgage protection insurance. To determine the right level of cover for your specific needs, it's best to consult a qualified financial or insurance advisor.
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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