What is Decreasing Term Life Insurance?

A decreasing term life insurance policy is often used to cover the balance of a repayment mortgage because this is a type of loan that will decrease over time. Protect the family home with decreasing term life insurance in the unfortunate event of the policyholder passing away while the mortgage is still being paid.

Benefits of decreasing term life insurance

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The amount of cover paid out decreases each year for the length of the policy, eventually finishing at zero. It could be used to protect the balance of a credit card or a personal loan.

If you’re ready to protect a mortgage but you’re unsure if decreasing term life insurance is right for you, then Finsure is happy to assist you in finding the right policy.