Mortgage protection insurance?
hello, i just took out a mortgage but didn’t get insurance with the lender (C&G). I understand this is compulsary, so what options do i have now? i know i can just get a standard life insurance to cover the mortgage if i pop, but what about if i become ill? or unemployed? can anyone advise? been looking at loads of bank websites and they seem confusing…cheers.
Term? is that paying a fixed amonut for the duration of the loan? but pays nothing if i become ill or out of work?