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Life Insurance - Protect your loved ones with the right cover
Over 50s Life Cover - Guaranteed lifelong protection
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Critical Illness Insurance

Decreasing Term Life Insurance

Decreasing Term Insurance is a type of insurance that covers you for a set term and pays out a lump sum in case of your death. This policy was designed to cover the outstanding amount of your mortgage or other large loans. The term is usually chosen with consideration to the repayment period of your mortgage or loan. Your coverage decreases along with the balance of your mortgage, until it reaches zero at the end of the term as the graph below illustrates.

Decreasing Term Life Insurance is more affordable than Level Term Life Insurance, however, with both types of policies there is no cash value or investment elements.

With some policies you can add on additional options, like critical illness cover. If you do add on critical illness cover, the plan will pay out either on diagnosis of a qualifying critical illness or if you die during the period of the policy.

To receive free, no obligation quote or more information on Decreasing Term Life Insurance please complete a short enquiry form and a professional adviser will be happy to assist you.