Owning a home is a big financial responsibility, and for most people, it isn't easy to cover all of those bills; council tax, water bills, electricity, heating, insurance, maintenance and most of all the mortgage payment.
If you or your spouse were to develop a terminal illness or have a sudden accident though, would either of you be able to still make ends meet on your own?
The last thing you would want to happen is for your family is to be forced to sell your home & struggle to find alternative long-term accommodation. At a minimum, from a life insurance perspective, you should consider having enough insurance coverage to clear the remainder of the mortgage.
Other financial needs you should also think about would be your kids’ post-secondary education or your spouse's retirement, both would be difficult to continue to contribute to as a single parent.
Don't hesitate to contact me to arrange a meeting to assess your family's insurance needs, on 0330 133 4408, or an email at email@example.com, or book a free consultation with me by clicking this link and I'd be happy to provide some advice.