Mortgage protection policies coupled with an endowment

If you have a repayment mortgage, you may already have a decreasing benefit policy in the form of a mortgage protection policy. This type of term insurance is designed to pay off your mortgage if you die before the mortgage comes to an end. If you have an endowment mortgage, life insurance is already included as part of the package.
If you have dependants, this type of insurance is usually well worth having. However, if you have no dependants and there is no one you want to leave your home to in your will, there is no need for this sort of cover because your mortgage should be paid off after your death using the proceeds from the sale of your house.
Mortgage protection policies are not the same as mortgage payment protection policies which is insurance against not being able to pay your mortgage because you stopped earning as a result of a personal accident, illness or redundancy.