Life Insurance Policies For You - Endowment policy misseliing

Decreasing Term Insurance Product Overview

Decreasing Life assurance or mortgage life assurance is a term assurance product where the amount of cover decreases over the period of the policy.

This is usually used alongside a repayment or capital and interest mortgage to ensure that the amount of mortgage is repaid if the life assured died during the term of the mortgage. As with Level Term Assurance, the level of cover can also include Critical Illness.

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