Compare life insurance for mortgages

Life insurance is typically taken out when a mortgage is agreed and acts as security for the lender. In the event of your death, the outstanding debt can still be paid and ultimately this minimises the risk of repossession. Life insurance can often be one of the last things we all think about but making sure that your loved ones are looked after if something was to happen to you is something we should all consider.

Decreasing term insurance also known as mortgage life insurance caters especially for your mortgage. The pay out amount of the policy decreases in line with your mortgage and can be purchased on a single or joint life basis where the sum assured will be paid out in the event of the first policyholder's death.

Have a look at what comparethemarket.com could do for you and compare life insurance for mortgages today.