Do I Need Mortgage Protection Insurance?
Yes. This is a special type of life assurance taken out for the term of the mortgage to make sure the mortgage is paid off if you die.
Mortgage Protection Insurance from your Bank or Building Society
If you get a mortgage with a bank or building society, you will need to take out mortgage protection insurance. Discuss your options for mortgage-protection insurance with them.
Mortgage Protection Insurance from your Local Authority
If your mortgage is with the local authority, you must take out a mortgage protection insurance policy with them and the cost will be added to your monthly mortgage repayments.