Decreasing Term Life Insurance
With decreasing term life insurance the cash payout reduces by a fixed amount each year, ending up at zero by the end of the term.
Because the level of cover falls during the term, your premiums on this type of policy are lower than on level policies.
This cover is often bought to run alongside repayment mortgages, where the debt reduces during the mortgage term.
This type of term insurance is less expensive than level term insurance.
Independent Advice
For more information on decreasing term life insurance or for more tailored life insurance advice specific to your circumstances please use our free call back service provided by one of our partner firms.
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