Protect your family with your life

Potential homeowners comparing mortgages are being urged include life insurance cover, to protect their dependents, as well as budgeting for all other household expenses.

Life insurance premiums are based upon the age of the policyholder meaning younger people can get cheaper premiums.

Dominic Mansley, managing director of Key Financial Consultants Ltd, advises: "The younger you are when you take it out, the more affordable it is.

"We find that if people don't take it out initially [with their mortgage], then they're less likely to come back to it later on. If it's a young family with children then we would very much make them aware of the need."

The Association of British insurers has found that one in three Brits do not have any life insurance policies.

06/11/2007 16:22:52