With a decreasing-term life policy, the amount you’re covered by decreases over the term of the policy.

These type of policies are often used to cover a debt over a period of time , an example being a repayment mortgage.

Premiums are usually cheaper than for level-term cover, this being because the amount that is insured reduces as time goes on.  Another reason why decreasing-term insurance policies are used is for inheritance tax planning purposes.

If you already have a decreasing-term life insurance policy or wish to set one up and would like some independent financial advice. We at Hutt Professional have financial advisers with many years of experience who would be more than happy to offer you the independent financial advice you need. If you are located in Leamington Spa or surrounding areas please do not hesitate to contact us as we would be more than happy to appoint you with the correct independent financial adviser for yourself.