Your mortgage is likely to be your biggest monthly outgoing, so if you are the breadwinner, you need to think about how your family would meet monthly repayments without your income.

Cream look after many homeowners and understand the importance of repaying the mortgage and other debts first, in the event of death.

Before taking out cover though, always check with your employer to see how much they will pay out in the event of your death.

Mortgage protection life cover lasts for the same length of time as your mortgage. Most people with repayment mortgages go for decreasing life polices, which means the size of the pay-out decreases in line with your mortgage debt as it gets smaller over time.

If you currently have an interest-only mortgage, and are therefore only repaying the mortgage interest and not the capital debt, remember to include both capital and interest when working out how much cover your need.

If you have an interest only mortgage, your Cream adviser will most likely recommend a level term assurance policy. If repayment, then you should have a decreasing policy.