Home.co.uk
Home.co.uk

Life Insurance Glossary: Decreasing Term Insurance

Life Insurance Glossary Life Insurance Glossary

Decreasing term insurance is a type of life insurance that lasts for the term of the mortgage. The money paid out decreases as the mortgage is paid off each year, leaving a small payout at the end of a mortgage term should the holder die. This is a less expensive option than a level term or increasing term life insurance policy.

Life Insurance Glossary Life Insurance Glossary

See also: Financial Services, Life Assurance

Mobile Website

You have reached our desktop website but your screen width is probably more suited to our mobile website.

Do you want to redirect to our mobile website?

You can return to our desktop website at any time by clicking the Desktop Site link at the bottom of any page.