No-one likes to think that the worst can happen, but mortgage protection can make a world of difference to your friends and family - yet a significant proportion of mortgage holders have not invested in it.
A recent survey by Friends Provident and the FTSE 100 life and pensions company found that almost a quarter of UK mortgage holders do not have enough life insurance cover to pay off their mortgage debts in the event of their death.
The research, sadly, revealed that this life insurance could be more necessary than people think, with one in fifty adults expected to pass away before their retirement.
"Death, long term sickness and disability are subjects that most of us would rather avoid discussing," comments Peter Hamilton, head of protection at Friends Provident.
"Life assurance cannot lessen the emotional impact of such events but it can soften the financial difficulties should the worst happen."
Londoners were the worst covered in terms of mortgage protection, with 30 per cent admitting to not having a policy, compared with just 14 per cent of Scottish mortgage holders. Click here to find out more about mortgage protection.
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