Whereas if you invest in a term insurance policy, it will give a death profit if a person nominated on the policy expires. The amount can be used to pay the credits with the help of everyday expenditure for the existing family associates. Life insurance i have a term life insurance policy because I feel very easy to pay the premiums in this policy. I personally feel that this policy is better than a mortgage policy as this not only saves me money but also offers coverage for more than a mortgage for me.