Mortgage Protection - PTSB - sole income?

P

PetPal

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I have a small equity release mortgage with PTSB. At the time they insisted on mortgage protection cover. I'm wiser now, and as the LTV is only 8.5% (!) I really don't think I should be paying 15 euro per month for protection cover. I've mentioned this to PTSB. They asked if I'm the sole income earner. Why do they need to know this?
 
Because they want to make sure the loan can be repaid if you die! If you cancel your mortgage protection, how will the loan be paid? Do you intend leaving enough behind you?
 
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