Should the unthinkable happen, life insurance can help you to financially protect your family, enabling your loved ones to maintain their standard of living.
However, new research shows that four in 10 (or nearly seven million) British mortgage holders might be taking a risk by not investing in life insurance to cover their contributions.
According to Sainsbury's Life Insurance, the collective outstanding mortgage balance of those without insurance cover stands at £245 billion.
The organisation's head, Helen Williams, commented: "Mortgage repayments are one of the biggest financial commitments in many peoples' lives but, as our research shows, unfortunately it is not something that enough mortgage holders have taken steps to protect."
Despite its potential benefits, life insurance can be a complex area for parents to fully get to grips with.
Here's a useful guide to help you further understand what it involves.