If you are thinking of taking out a term assurance policy to cover your mortgage you need to keep in mind the following;
1) When you apply you need to be sure to tell your advisor and the policy provider all medical conditions relating to the persons named on the poicy. If anything is omitted there is a chance the policy may not pay out in the event of the death of anyone named in it.
2) If the interest rate on your mortgage increases by a significant amount during the term you may not be sufficiently covered. You should check this with your provider.
3) Be carefull to read all the terms and conditions of the policy as there may be some circumstances under which you are not covered.
4) There is no element of investment to these procducts. If you cease to pay your premiums the policy will be cancelled and you will no longer be covered.