Paying over the odds for mortgage protection

Paying over the odds for mortgage protection

Most people, when taking out a mortgage, need to take out a type of life insurance policy, usually known as a mortgage protection policy which will repay the mortgage in the event of their death. The cover typically lasts until the mortgage is fully paid.

While your mortgage provider may require you to have life cover, you do not have to take out that life cover with your mortgage provider and are free to look...

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