01244 950 304

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."


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

Our trusted brands

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