Do I need Life Insurance when buying a property?
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Home » Frequently Asked Questions » Do I need Life Insurance when buying a property?
Answer:
All mortgage lenders will have a proviso within their loan offer that you have a minimum of Buildings Insurance when you purchase a property. You do not have to purchase Life Insurance when you buy a property and you will typically pay well over the odds if you obtain the policy through your mortgage lender. We consider Life Insurance to be essential to anyone with a family and a mortgage liability, as it means that your next of kin will have some financial security to pay off the loan should you pass away.
Client Reviews
"Alan and his team were great! Alan helped get me cover where my own company could not (I work in financial services too!) Would highly recommend and will come back in the future."
"Krystle was fantastic throughout and managed to knock almost 50% off my current life insurance premium."
"Leanne couldn't have been more helpful and thoughtful with her questions and work on my enquiry."
"Kathryn and her colleagues were very helpful because of my recent illness."
"Nick was my advisor, Excellent knowledge of products and what I needed, not just pushing me into a sale/policy, will always refer to him in the future."
"I would like to say a very big thank you especially to Amy you really went above and beyond."
"Annaliese was absolutely fantastic, making us both feel at ease and helping us navigate issues that had caused us problems with previous attempts to obtain insurance."
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