>>>As for the money having left their coffers, not really sure they are losing here. If you've studied the way the payment is calculated, it dents into the capital very little in the beginning; it takes about a quarter of the loan term until half of the payment is interest - before that it's almost all interest.
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>>Depends on the repayment method. There are "interest only" loans whereby the mortgagor pays just interest on the capiltal till the end of the term,
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>I didn't say the above was the worst case.
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>>then some form of savings (eg an endowment life assurance policy) pays back the capital.
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>They can rest assured about life. It exists.

Ah, now you've hit on a nicety in the language:

Insurance is against something that MIGHT happen, eg your house may burn down, you may be burgled (I believe in the US they say "burglarised" which sounds to me like the burglar does something unspeakable to you while he's at it)

Assurance is against something you know WILL happen, eg you defo will die. Literally you can "rest assured".