There is a well know expression 'nothing is certain but death and taxes' - we all know that we can't live forever but none of us knows exactly when we are going to die. If you pass away without being prepared, your family financial security could be in jeopardy. This is where Life Assurance (sometimes known as life Insurance), can help. Taking out Life Assurance Is a simple, popular way to help protect the people you love if you die during the period you are covered for. If you have life cover to protect your mortgage, this will typically be for the same value and term of your mortgage and is designed to pay it off in full should you pass away.