This depends on your point of view and your circumstances.
Mortgage Life Insurance might be worth it if you want to ensure your partner and / or children could stay in the property if you were to pass away and you are worried your beneficiaries wouldn’t be able to keep up with your mortgage repayments without you.
If, however, you’re single and don’t have any beneficiaries, and are happy with the property being sold to repay the mortgage on your death, it may not be necessary.
Mortgage Payment Protection Insurance might be worth it if you’re concerned what would happen with your mortgage repayments if you became too ill to work or were made unemployed. If you’re covered elsewhere, such as with an Income Protection policy, you may not need additional cover.
If you’re not sure whether or not Mortgage Protection Insurance would benefit you, you can always ask one of the experts at Drewberry for help.