DECREASING LIFE INSURANCE
Decreasing Term/ Mortgage life insurance
This is the policy that is designed to repay a repayment mortgage on death (may include terminal illness cover)also known as mortgage life insurance.
This type of life insurance decreases at a fixed rate and may be guaranteed to repay your mortgage on death ,this is the policy most commonly used in conjunction with a mortgage as it is the cheapest policy.
We would recommend level term where ever it is affordable as it could provide you with a valuable surplus of life insurance.
