Mortgage protection on new home loan

Hi,
My wife and I are taking out a mortgage and looking for the best deal in mortgage protection. She works at home and currently has no life cover. I have a good Death in service policy through my employer which would cover the loan amount if I died.
Can I use this policy as my cover for the mortgage? If so are we still obliged to take out mortgage protection for my wife? Or are we obliged to take out a new joint policy to cover the mortgage?
Thanks.

BTBL said:

I have a good Death in service policy through my employer which would cover the loan amount if I died.
Can I use this policy as my cover for the mortgage?

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I doubt that this policy can be assigned to the lender but you can check with your employer/benefits consultant.

If so are we still obliged to take out mortgage protection for my wife?

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If you are joint buyers then you will need joint life cover.

Or are we obliged to take out a new joint policy to cover the mortgage?

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In this case I would expect so. Shop around!

D.I.S. is a pension benefit, and is unassignable.