Mortgage protection
Mortgage Protection or Decreasing Term Assurance
Decreasing Term Insurance only pays out if you die within the term you’ve agreed. This is usually cheaper than Level Term Insurance. The amount paid out decreases during the term, so it is ideal for protecting a Capital & Interest mortgage. If you live longer than the term however, you get nothing. You can also take out a joint Decreasing Term Insurance policy, with it paying out if either of you die during the term.
Financial planning is not just about buying financial products. Our financial advice service is based around your needs today and your intentions for the future. Our advisers will work with you to achieve your goals, protect your family and save for the future.