Depends if you plan on dropping dead during the life of your mortgage or not?
On a serious note it’s all down to personal preference & individual situations.
I see all manner of people some who believe in it other who don’t. Some of those who believe in it have family others don’t & visa versa.
There is no right or wrong answer it all depends on if you have someone you want to leave the property to? If you have & they can afford the mortgage on their own & are happy to take it on then i guess not. If they are unable to take it on alone then yes you do.
I always tell clients that life cover is not for your benefit but for any family that you may be leaving behind (wife, husband, kids, mother, father, brother, sister etc etc)
Re detah in service benefit you’ll find that, unless it’s linked to a pension, a lot of companies are taking this benefit away from employees in order to try & cut costs. Also if you change job will your new employer provide death in service benefit & will it be the 1st thing you think of sorting out if that happened.
Final word. If you do decide to take it then shop around :wink: