Decreasing Life Insurance


Decreasing Life Insurance is designed to pay out a cash sum to help pay off your mortgage if you die during the length of the policy. Meaning your loved ones could continue to live in the family home without worrying about the mortgage.   

  • 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. 
  • Designed to pay out a cash sum if you die during the length of the policy.
  • The premiums won't go up, unless you alter your policy.

And premiums can start from £6 per month.

Additional benefits:

  • At no extra cost we include additional benefits which give you even more protection and offer you extra peace of mind, such as Terminal Illness Cover and Accidental Death Benefit. Terminal Illness Cover could pay out the full amount of cover when life expectancy is less than 12 months. Terms and conditions apply

Important Information:

  • This is not a savings or investment product and has no cash value unless a valid claim is made.
  • Your policy may not completely pay off your outstanding mortgage unless you ensure that your amount of cover is adjusted to match any new mortgage arrangements.
  • 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 the Policy Summary (PDF: 1610KB) and  Life Insurance with Critical Illness Cover Policy Booklet (PDF: 2152KB)  

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