A recent survey has found that mortgages worth at least £245 Billion are not protected by Life Insurance. I read the survey report by Sainsbury's Finance today and I thought this must cost more for mortgage holders who would potentially be in for more than what they paid for to secure the mortgage, especially over soft grants. Four in ten mortgage holders do not have life cover to protect their mortgage, the survey said. 4 mortgage-holders out of 10 in Britain are not protected by life insurance. This practically means there are nearly 7 Million holders with a collective outstanding mortgage balance of £245 billion with no Life Insurance protecting their mortgage or avail support for their dependents in event of death. "On average, those who pay towards a mortgage and aren't covered by life protection are currently personally responsible for an outstanding balance of over £36, 000,” the survey report said. There is even more worry for those who are yet to have thei