Decreasing Term Assurance Policies

Introduction > > > Decreasing Term Assurance

Decreasing Term Assurance- These are policies, (similar to Family Income Benefit policies) where the sum assured decreases over time. However, they pay out a lump sum, whereas FIB plans pay out an income.

Commonly used to cover debts where the capital outstanding decreases over time.

With such policies there is no surrender value and cover will cease if premiums are not paid.

Last updated on April 7, 2010

Blackadders Wealth Management is authorised and regulated by the Financial Services Authority. Members of the Law Society of Scotland. FSA Registration No: 477685

Blackadders Wealth Management is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a 'partner' is to a member of Blackadders LLP.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.