Don't Leave Your Love Ones With Debt When You Die
Whilst medical know-how means that we’re now living longer in general, the worse could still happen at any time.
That’s why you should consider having an element of Life Cover in place. This is generally set up to ensure that they mortgage can be paid off. Ideally you may want to exceed that amount to also make sure that there are some funds available for those left behind, enabling them to get through a difficult emotional and financial period as painlessly as possible.
That is why it’s vital that you (and your partner) have some life cover (perhaps a joint life policy), and it may be cheaper than you think. Of course you need to check the level, if any, of a ‘death in service’ benefit that may be in place through the employer, and include that as part of your sums.
*As with all insurance policies, conditions and exclusions will apply