Life Insurance
Decreasing-term and mortgage protection
Cover designed to reduce broadly in line with a repayment mortgage.
As the outstanding balance on a repayment mortgage falls, the sum assured falls with it. Because the insurer's exposure reduces over time, premiums are often lower than an equivalent level-term policy.
The intention is that a property can be kept, and the borrowing cleared, without the household having to sell in difficult circumstances.
Things worth considering
- The reduction in cover may not exactly match the mortgage balance
- Interest-only borrowing is usually better matched by level-term cover
- Cover is not tied to the lender and can continue if you remortgage elsewhere
Enquire about decreasing-term and mortgage protection
Tell us what you would like to protect or resolve. One named contact will read your enquiry personally and come back to you.
- One dedicated point of contact
- No call centres
- Introductions handled discreetly
- Serving Hampshire, West Sussex, Surrey and the Isle of Wight
Cromwell Associates coordinates enquiries and introduces clients to appropriately qualified specialists. We do not provide regulated financial, legal or tax advice, and submitting this form places you under no obligation.
Your enquiry is reviewed personally before any introduction is made.