Mortgage Life Insurance
Mortgage life insurance is designed to pay off your mortgage in the event that your death, thus giving your family one less thing to worry about - a secure home at a difficult time. With this type of policy, the amount you need to insure decreases as you pay off your mortgage balance. This type of policy can save you money on your premiums, as it tends not to be too expensive.
You can compare Mortgage life insurance policies with Confused.com here.
Don't be Pushed into a Policy by your Mortgage Lender
Lender strongly recommend that you have mortgage life insurance when taking out a mortgage. However, this doesn't mean that you are obliged to take out a policy with them. You can still compare a range of policies to find a better deal.