If you are buying your first home, start by working out how much cover your mortgage and dependants may need, rather than choosing the cheapest policy automatically. Level-term cover can provide a fixed amount, while decreasing-term cover is often considered for a repayment mortgage, but suitability depends on your circumstances. Compare quotes from FCA-authorised providers and check exclusions, policy length, premium guarantees and whether your health and lifestyle details must be disclosed. An independent protection adviser can explain the options and help you assess whether the policy meets your lender’s requirements.