Do I have to take out decreasing life insurance to cover a mortgage?

No, you don’t have to take out decreasing life insurance to cover a mortgage. The reason for the policy depends on a few factors, such as what you want the lump sum to cover, and how much you want to pay each month. We offer different levels of cover to suit different needs, so you can choose which one is right for you and your family. Your policy won't be directly linked to your mortgage and won't automatically end if you pay off your mortgage early. Your policy will run until the selected end date, unless you tell us you wish to cancel. 

Our Life Insurance Plan product page explains the difference between our different types of cover, and what you might want to consider. If you're unsure, you can speak to a financial adviser. If you don’t have a financial adviser, you can find one at unbiased.co.uk. Please be aware that you may need to pay for this advice.