Who benefits from Mortgage protection insurance

I became unwell and was made redundent on grounds of ill health; I had gradually been making extra payments to reduce my mortgage: I now found myself in a possition where I could pay off the rest (saving serious money) for myself and familly , but realising that to do so would remove a significant proportion of my life insurance which would be unrealistically expensive/impossible to replace (because of my health). The only benefit of this type of insurance is to the mortgage lender, it removes the risk of you not paying if you die, get life insurance and decide yourself or for your familly what to spend your money on.
This discussion has been closed.
Latest MSE News and Guides

Check your Clubcard vouchers

Use our trick to extend them

MSE News

Preparing for summer

What MoneySaving things can you do now to get ready?

MSE Forum

Hot Diamonds 40% off code

Including already-reduced outlet stock

MSE Deals