No one wants to think about not being around to take care of your family. No one wants to think about dying. But it can be a tragic oversight not to plan for your family’s future if something were to happen to you.

You may have heard of PPI or payment protection insurance. You may know that it can provide people with assistance paying their mortgages if they become sick or have an accident or job loss that temporarily interrupts their income. But many PPI policies also go into effect upon the death of the policy holder. If the policy holder were to die, the policy can cover payments for an extended period of time or even pay off the remaining loan amount altogether. Your family would then be left with a home that they owed free and clear instead of grappling with the possibility of losing a home in addition to the grief of losing a loved one.

PPI can be easier to be approved for than life insurance. However, it can be misleading and is sometimes mis-sold by lenders. It is vital that you do all of your homework before purchasing a PPI policy. Make sure that you fully understand the costs of the policy as well as the coverage conditions and eligibility.