Premiums start from only £6 a month

Decreasing Life insurance is designed to help protect a repayment mortgage, so the amount of cover reduces roughly in line with the way a repayment mortgage decreases. 

Decreasing Life insurance at a glance:

  • It could pay out a cash sum if you die during the length of the policy.
  • Includes Free Life Cover at no additional cost.

Important things you need to know:

  • This is not a savings or investment product and has no cash value unless a valid claim is made.
  • You may want to check that the length of the policy is long enough to cover the duration of your mortgage term.
  • For Decreasing Life insurance you must also check that the interest rate applied to your mortgage does not become higher than the interest rate applied to your policy.
  • Please read our  Policy Summary  PDF: 1.61MB  and Policy Booklet  PDF: 204KB before you apply.