Legal and General : Decreasing Term Assurance

Product profile

Description

• Pays out a guaranteed cash sum if you die within the policy period

• The amount you are insured for decreases over the term of the policy. This cover is usually chosen to protect a repayment mortgage, so that the amount of insurance decreases roughly in line with your remaining mortgage debt

For

• Aged 18 to 59

Period of cover

• Minimum two years

• Maximum 40 years

• Cover ends at age 80

Benefits

• You choose the amount

• Decreasing benefit basis

• Life cover

• Guaranteed insurability options on selected events

• Guaranteed premium

Options

• Terminal illness

• Premium waiver