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Life insurance when buying a property

Published on 9th November 2020

If you own a property and have taken out a mortgage on it, or maybe you are just in the stages of looking to buy a property, it is important that you take out good life insurance to cover the amount of the loan in the event of your death.

Far too many people take the gamble of buying a property with a mortgage but don’t take out a life insurance policy to protect their loved ones in the event of their death. I know it is a morbid subject but is one of life’s hard facts. We are all going to die one day and therefore we should really consider what will happen to our loved ones when it happens. I am sure that you do not want to leave them with massive debts.

If you own a property with a mortgage with no life insurance cover and you die, you are leaving a massive burden on your loved ones because they will still have to find the money each month to pay for the mortgage of the property. This is the last thing they need after losing a loved one and especially when they have probably lost your part of the family’s income as well.

Be sensible and take out life insurance. It does not cost all that much but at least then, you will have the peace of mind knowing that you will leave a legacy and not a burden to those you cherish the most.

Depending on your personal circumstances we can provide you with a personalized quotation to cover all your needs. All you have to do is contact us for a quick chat to discuss what you need to cover and we will give a no obligation quote over the phone.

You can read more about our insurance products by clicking here. Or feel free to contact us by visiting our contact page.

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