Pay the mortgage or have an insurance policy?

I have 2 mortgages with a balance of 480k.The whole idea is to leave something for the kids when I die while I am housed.


Is it better to pay off the capital and the interests or just the interests while having a good life insurance ?


Paying the interests only is so benificial beceause it leaves me enough money to live confortably.Pay the mortgage or have an insurance policy?
You pay your mortgage and that means principle and interest. What good is insurance if the proceeds all go toward paying off the house.Pay the mortgage or have an insurance policy?
I think it might depend on the size of the life insurance policy. You've stated that you want to leave something to your children. That would mean that the life insurance proceeds would have to be enough that they can pay off the balance of the mortgages (and ideally have some money left over). Otherwise it may put them in a position of having to sell the home, perhaps defeating your intent in leaving it to them.