Post Office : Decreasing Term

Product profile

Description

Helps pay off your repayment mortgage if you die. This cover decreases broadly in line with a repayment mortgage. As the sum assured reduces over time the premiums are cheaper than level cover.

Age

18 to 66

Period of cover

• Minimum three year

• Maximum 51 years

• Cover ends at age 70

Maximum cover

£500,000

Benefits

• You choose the amount

• Benefit decreases over time

• Life cover

• Terminal illness