Decreasing Term Assurance

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What does decreasing life term assurance cover?

Decreasing term life assurance provides a lump sum (a specified amount of money i.e. £100,000 at policy inception or start of the term, reducing to £0 by the end of the term) in the event of the life insureds death during the term.

It’s called decreasing term assurance as the amount of the lump sum decreases in line with a specified percentage reduction on each policy anniversary.

The term is the period of time the policy is in force.

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Below are links hopefully answering any questions you may have.

Why is decreasing life term assurance cover useful?

What term can decreasing life term assurance cover be taken for?

Can I claim on decreasing life term assurance cover before I die?

What affects the cost of decreasing life term assurance cover?

If I don’t claim do I get any money back on decreasing life term assurance cover?

Can anyone else claim against my decreasing life term assurance cover?

Do I pay tax on the benefit from my decreasing life term assurance cover?

What is not covered with decreasing life term assurance cover ?

Should I speak to an adviser about decreasing term life assurance?

What protection do I have if I receive advice from You 1st Mortgages?

Decreasing Term Life Assurance

THESE PLANS TYPICALLY HAVE NO CASH IN VALUE AT ANYTIME AND COVER WILL CEASE AT THE END OF THE TERM. IF PREMIUMS CEASE, THEN COVER WILL LAPSE.

We will stand by our advice. We will stand by you. We will put You 1st.

You 1st Mortgages Ltd is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited. First Complete Limited is authorised and regulated by the Financial Conduct Authority.

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