Life Insurance
Whether both borrowers earn the same or one earns most of the household income, managing money after the death of one partner can be very hard to do.
Life cover, if taken out in conjunction with a mortgage, is normally taken out for the same term as the mortgage. If this is a repayment (capital & interest) mortgage, you may wish to consider a decreasing term assurance, where the amount of life cover reduces in line with the reducing mortgage balance.
mortgage2move can review the clients needs, advise on the level of cover, amount, term and type of cover and compare premiums from a selected range of insurance companies that includes Friends Provident, Legal & General, Scottish Widows, Scottish Provident, Scottish Amicable, BupaLife and others.