Decreasing Term Assurance
Mortgage decreasing term assurance and decreasing term life insurance are the same things. Often referred to as mortgage life insurance, decreasing term insurance is designed to pay off the mortgage should you die within the cover period.
Decreasing Term Assurance
Ideal for those who need life insurance cover for:
Mortgage payments
Dependants
Shorter than life-long cover
It is known as decreasing term assurance because, over time, your outstanding mortgage debt will decrease but your premiums will remain the same. Usually, this means that these types of policies are cheaper.
Why complete the form?
Completing the form means that in a short space of time you can speak to one of our life insurance agents who’ll help you find the best decreasing term assurance policy. Acting straightaway means that the nagging voice in your head telling you to arrange life insurance can be eventually silenced!
If you are looking for cheap term life insurance only take out the policy for the life of the mortgage – e.g. if you only have 10 years left on your mortgage then only take out the policy for that period.