Life Assurance V Mortgage Protection Insurance

Can someone please tell me in simple terms what is the difference between the 2 of these? Also are both required when purcasing a property? Thank You.

Re: Life Assuarance V Mortgage Protection Insurance

If you have a life insurance policy and it is for more than your mortgage amount then you can assign it to your mortgage provider and do not need to take out a new one. It just means that if anything happens to you the mortgage provider will get what they are owed on the mortgage first and the remainder will go to your next of kin togeather with a mortgage free house.

See this thread.

Thanks for the help