There are a few policies available to you:
- Level term insurance gives you a fixed level of cover and pays out a lump sum if you die within the term of the policy.
- Mortgage life insurance (or decreasing term life insurance) is where your cover reduces over time, roughly in line with a standard repayment mortgage.
You can also take out a joint policy, rather than two individual policies, if you're getting insured with your partner.
Find out more:
If you'd like to know more about the pros and cons read our guide joint life policies.