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Life assurance mortgage

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Can you tell me what happens when the mortgage is paid can you continue with the life assurance

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    Yes.        
  • tacpot12
    tacpot12 Posts: 8,170 Forumite
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    Yes.        
    Is that right if the Insurance Policy is an Endowment? When the endowment pays its lump sum to clear the mortgage, can the life insurance element continue?  
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    tacpot12 said:
    Yes.        
    Is that right if the Insurance Policy is an Endowment? When the endowment pays its lump sum to clear the mortgage, can the life insurance element continue?  
    No. The life assurance element finishes when the policy does.
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