www.mortgage-terms.co.uk



Home
Site Map

Compare
Finance
Debt
Casino


Decreasing term assurance

The mortgage definition for Decreasing term assurance:

A life insurance policy that pays out a lump sum in the event of death. The amount paid out can be calculated so that it fall in line with your outstanding mortgage debt meaning that over time the borrowers premiums also fall. This type of policy is well suited to providing cover on a repayment mortgage.



Click to compare definitions of Decreasing term assurance
Click to view definitions beginning de
  www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.