I've paid off my mortgage: do I still need life insurance?
Repaying a mortgage can reduce one protection need, but other needs may remain, such as family income, childcare, education, funeral costs or other debts. Review before reducing or cancelling cover.
I've paid off my mortgage — can I cancel my life insurance?
Paying off a mortgage removes one potential need for life cover, but other needs may remain, such as replacing income for dependants, funeral costs or leaving a legacy. Review the policy's purpose before cancelling.
Mortgage is paid off so I want to cancel.
Paying off the mortgage may remove one need, but check whether the policy also protects dependants, income or other objectives. If not, cancellation may be reasonable, but the decision should be informed.
This article is general information about UK protection insurance, not personalised financial advice. Policy terms vary between insurers and products, so always check your own policy documents.
Last updated 27 October 2026