HomeSite MapCompareFinanceDebtCasino Decreasing term assuranceThe 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 |