What is Decreasing Term Insurance?
Decreasing Term Insurance is term life insurance where the value of the sum insured steadily decreases from the date the policy begins, to the date the policy expires. The intervals between the decreases tend to be either monthly or annually but usually the premium remains the same for the whole period.
The most common form of decreasing term insurance is Mortgage Life Insurance - where the sum insured decreases. It is used to protect a Repayment Mortgage. If you have an Interest Only Mortgage you’ll need Level Term Life Insurance.
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This website endeavours to provide general information in relation to various financial products. We hope you find this information useful. In no circumstances should the information we provide be construed as Quote Life Insurance providing you with specific advice in relation to your own circumstances, on the suitability for you personally, of any product or service referred to within this website.
This web site is owned and managed by Alliance Internet Ltd.
Alliance Internet Ltd is an Appointed Representative of Financial Connexions Ltd. Financial Connexions Ltd is authorised and regulated by the Financial Services Authority.