NLIC.org

Benjamin Said:

my husband and I have a joint life policy to cover our joint mortgage, if one of us dies can the kids claim?

We Answered:

Surely the payout from your policy is already signed over to your building society or bank which means that whoever survives will be sitting mortgage free.
Your kids may have some rights over the deceased's estate but they have no control of the insurance policy.

All the same, you should consider making a will one of your priorities.

Beth Said:

do i need life cover for a repayment mortgage?

We Answered:

If you want to get a policy paying off the Mortgage if you die then shop around and if his is less go for it IF and only if you need the coverage.

Roland Said:

life cover procedure?

We Answered:

The doctors will be asked to submit what is called an Attending Physicians Statement. The statement is a basic report of your present and past state of health. Your application contained wording that you authorized the doctor to release this information to the insurance company. Depending upon your health history and the amount of insurance you applied for there may or may not be anything further required. Though, it is possible that the company could request a para-medical exam.