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 and co-borrowers. Lenders do, however, mandate house insurance to secure their loan.
A good policy ensures your mortgage, funeral costs, and living expenses are covered if you pass away, allowing your loved ones to keep the home. The amount of cover depends on your debts and family needs. Also consider income protection and mortgage protection insurance for comprehensive financial security.
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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