Jo

If you look at the moneysavingexpert (MSE) page on Mortgage Life Assurance, there is some useful information. One of their tips is a company called moneyworld.com, who apparently offers the most competitive life cover.You can purchase the life assurance to include the critical illness cover.I think on a repayment mortgage it is called decreasing term assurance.

The MSE site also has a page on Mortgage repayment Insurance, with details of companies that can offer competitively priced cover.

Alternatively you can enter your details onto the moneysupermarket page (link below).

http://www.moneysupermarket.com/LifeInsurance/uk-life-insurance.aspx

And obviously check MS page for a Home Insurance quote.

By arranging the cover online or by phone with the most competitve, you should be able to save some money. You just have to make sure the companies have all the information they need to assess your requirements and make sure you get answers to any questions you might have.

Are you connected to the post by OJB, as details similar.

Huckster

Hi, My partner and I are about to buy our first house and would like advice on the type of life insurance we should take out to ensure if something happens to one of us we are covered and don't loose our house. We are both 25 years old, healthy and work full time. We are taking out Payment Protection through our bank to ensure our mortgage and bills are paid if we are made unemployed or temporarily unable to work due to sickness. The mortgage we'll be taking out will be for a £160k house with a 15% deposit, over 35 years. Please could you advise on the kind of life insurance we need, the amount we need to cover and the length. I was under the impression it's best to take this kind of policy out when you are young and keep it for as long as possible so your payments remain the same as you get older, is this true? Thanks