We took out a 30 year mortgage with BOI last year. We took out life cover which costs €43.43 per month. This covers the 265k mortgage which will be paid off if either myself or husband dies. Also we will get a lump sum on death balance left on mortgage. So for example in ten years if we still owe200k of mortgage the 200k will be paid off and surviving spouse gets 65k. This has got me thinking recently. This cover is linked to our mortgage so if we pay off our mortgage early as I would hope to do life cover will be gone am I right. So if we paid mortgage off in 23 years and one of us died in 25 years we would get nothing. So is the best option to pay as much as we can now but leave term 30 years so in the last few years just pay a few hundred a month to keep our life cover?