Decreasing Term Insurance

In the event of your death, Decreasing Term Insurance can help to cover any outstanding mortgage payments.

Get a Quote Today

How can we help you?

SoSmart Money are specialists when it comes to mortgage and insurance advice. Our trained expert advisers have access to the UK’s leading lenders and using their knowledge and skills will place you with the most suitable lender and product for your needs.

Speak to one of our experts for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.

trust pilot

"Matthew at So Smart found me the best deal for my first Mortgage, he was extremely helpful! I would highly recommend this company!"

"I've been looking to switch mortgages recently to secure a better rate and the guys at So Smart Money helped me do just that."

"My mortgage enquiry was dealt with swiftly and professionally. I would highly recommend So Smart Money to others."

"I've used sosmartmoney a couple of times now, I checked my old mortgage with them and it encouraged me to get a better deal."

awards

Winner of AI Finance awards 2015 for:
Best personal finance comparison site &
Best online price comparison platform

Our trusted brands

view more
securetrust.gif BNC.gif YBS.gif ovo_energy.jpg HSB.gif capitalone.gif ipswich_building_society.jpg
uk-general.jpg BFU.gif BNR.gif market_harborough_building_society.jpg BLF.gif virgin.gif chorley_building_society.jpg rsa.jpg BNC.gif CTE.gif TIP.gif CAM.gif m&s.gif npower.gif lv.gif capitalone.gif BHX.gif aqua.jpg bath_building_society.jpg ipswich_building_society.jpg NAP.gif HSB.gif BSA.gif fluid.jpg scottish_power.jpg clydesdale_bank.jpg CNW.gif BMO.gif ACC.gif plusnet.jpg LEE.gif ovo_energy.jpg BPR.gif VBS.gif tesco.jpg TSB.gif HEC.gif eon.gif BCH.gif BBS.gif sainsburys.gif americanexpress.jpg BOI.gif POS.gif securetrust.gif TCO.gif saga.jpg fidelity.gif WBB.gif BLH.gif progressive_building_society.jpg carloans4u.jpg NBS.gif the_mansfield_building_society.jpg barclaycard.gif RBS.gif CTS.gif ULS.gif aegon.gif fundingcircle.gif BBV.gif BNW.gif FAM.gif CLY.gif bt.jpg BNT.gif zopa.jpg o2.jpg axa.jpg SBS.gif healthonline.jpg BHI.gif sky.jpg scottish_building_society.jpg amigo.gif MET.gif BAA.gif TBS.gif ageas.jpg BDA.gif FID.gif CAN.gif sse.jpg YBS.gif vanquis.jpg BME.gif BWO.gif

Decreasing Term Life Insurance

  • Look after your family
  • Protect your home
  • Get Life Insurance advice

What is Decreasing Term Insurance?

As the name suggests, a decreasing term insurance policy, the amount that you're covered for will decrease over the life of the policy.
The usual reason for taking out this type of policy is to cover debt that also reduces over time, such as a repayment mortgage.

Because the risk of insurers having to pay out such a huge sum of money is less than with Level Term Insurance, you're likely to find that a Decreasing Term policy will be much cheaper. 
However, the downside of this type of policy is that once the payout has been used to pay off your outstanding mortgage payments, there won't be additional funds to leave for your family or to cover any other debts that need to be paid off.

Get a Quote Today

How it works

step 1 step 2 step 3
FAQs
  • How do SoSmart Money make their money?
  • Which products can I compare with SoSmart Money?
  • Who are SoSmart Money?
  • Will I be contacted by other companies?

latest news View All News

Sign up to our newsletter