Can I continue with my Mortgage Life policy if I pay my mortgage off early?

As far as the insurance company is concerned, your policy will continue until it comes to the end of its term - so as long as you continue to pay the premiums, you will be insured.

Many people decide to remain insured through a normal Life Insurance policy after their mortgage is paid off. However, with Mortgage Life Insurance policies, you need to consider whether it is worth maintaining your insurance cover. This is because the nearer you get to the end of the policy, the lower will be the sum insured. Therefore, it may not be worth maintaining the insurance policy because the sum insured is so low. In these circumstances, you need to take professionl advice.

Don't forget that life insurance payouts are tax-free.