It is always wise to keep a close eye on any investment associated with property purchase, however many people pay little attention to the performance or structure of the policy they took out when they bought their home, perhaps because it only forms a small part of the family budget.

To have a realistic chance of achieving the longer term growth objectives of a mortgage related capital repayment strategy, it is vital that any investment offers the maximum opportunity for growth. Costs are a key area of this and there has been much in Press recently surrounding the very high costs and poor value for money offered by most  insurance products.

Term Assurance can be particularly useful for mortgage holders.  This is because most lenders only insist on life cover for the "risk" part of a mortgage loan – that being the difference between the total mortgage amount and the auction value of the house. As an example of this:

Question:- Would the surviving spouse be able to afford three-quarters of your current monthly mortgage payments without the main bread-winners income? If not, you may need to consider additional cover.