Same: UK too and employer provides life insurance.
But when I bought a house, I was advised to get insurance cover specifically for the amount of debt remaining on the house; the policy lasts the length of the mortgage and pays out whatever is debt is outstanding.
Re:What Dreams May Come
by arethuza on Thursday March 13, 2014 @06:10AM
(#7390895)
Yeah - there are a lot of different kinds of life insurance available - paying lump sums or income, increasing/decreasing at specified rates, linked to mortgages etc, individual or joint cover etc.
But when I bought a house, I was advised to get insurance cover specifically for the amount of debt remaining on the house; the policy lasts the length of the mortgage and pays out whatever is debt is outstanding.