life assurance

You are required by law to take out a life assurance policy to cover the full repayment of your mortgage in the event of your untimely death. There are exceptions to this for example if you are over 50 years of age or the house is not your family home.

The most basic policy taken out is a mortgage protection policy, (see Glossary) although there are many different types of cover now available which we will be happy to explain to you.