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insurance on mortgage - advice please


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I had a meeting with a mortgage advisor today about my mortgage, I am thinking of making overpayments to clear my mortgage early, when I took out my repayment mortgage just over 10 years ago I was told I had to have a life insurance policy or they wouldn't lend me the money, the policy didn't have to be with them, it just had to be enough to cover the outstanding mortgage, should either of us die. We took out a policy with another company and sent the bank (Barclays) the proof. today I was asking the mortgage advisor general questions, and somehow we got talking about life insurance, I said to the advisor that,what with the morgage increases, and having to pay an insurance policy, it made it a very expensive business, he said, of course you don't have to have an insurance policy now, I said to him, what do you mean, he said we don't require you to have insurance policies on repayment mortgages any more, only house insurance, I said when did that come in, he said ages ago, I said, well I wasn't told and he just sort of changed the subject. my question on this forum is, should the bank have informed us that the insurance was no longer needed, I have paid £34 a month for more than 10 years now and It wasn't necessary!

 

thanks in anticipation of any advice

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