Hi, my children are starting to think about mortgages. I had an endowment policy in the past so didn't need life insurance for my mortgage. I wandered what the rules/advice is about life insurance for to cover mortgages these days ? Do mortgage lenders require that as standard ? I assume you can have your own policy not the lenders ? Can you use any life insurance policy that covers the term of the mortgage for that purpose ? Thanks Tony
- posted
11 years ago