Mortgage Life Insurance


Decreasing Term Insurance provides life insurance coverage for a specific period of time, presently, one, five, ten, or twenty five years, are the most common periods one can buy decreasing term life over.

If the insured dies during the period the insurance is in force, the insurance company pays off the face value of the policy. If the insured lives longer than the term of the policy, the policy is no longer in effect. Nothing is paid. The insured builds up no equity in a term policy.

Decreasing Term life insurance is the least expensive form of life insurance. A decreasing term life policy is usually used to protect a repayment mortgage against the death of the life assured to ensure that a mortgage debt does not remain unpaid in the event of the death of one of the mortgagees.

If you would like a quote, please click on the quote request form, supply us your details and we will contact you as soon as possible, or alternatively, phone us on 01254 660101 for a quote.