Legal and General : Mortgage Decreasing Term Assurance

Product profile

Description

• Pays out a guaranteed cash sum if you die or suffer a terminal illness within the policy period

• Designed to help pay off your mortgage in the event of your early death

• The amount you are insured for decreases over the term of the policy. This cover is 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  with a mortgage

Period of cover

• Minimum two years

• Maximum 40 years

Benefits

• You choose the amount

• Decreasing benefit basis

• Life cover

• Terminal illness

• Guaranteed insurability options on selected events

• SmoothMove emergency moving day service

• Guaranteed premium

Options

• Premium waiver

Last updated: 12 July 2008