Life Insurance policies provide financial protection to you and/or your dependents should the worst happen.
Level term Assurance offers a level amount of cover in return for a level premium throughout the term of the contract. So, if you started £100,000 of cover for 20 years and then died anytime in the next 20 years, the payment to your dependents would be £100,000.
Decreasing Term Assurance, often referred to as Mortgage Life Insurance or Mortgage Protection offers a decreasing amount of cover in return for a level premium. It’s designed to meet the needs of individuals with a decreasing liability such as a repayment mortgage.