Decreasing Term Assurance Policies

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Decreasing Term Assurance- These are policies, (similar to Family Income Benefit policies) where the sum assured decreases over time. However, they pay out a lump sum, whereas FIB plans pay out an income.

Commonly used to cover debts where the capital outstanding decreases over time.

Last updated on April 11, 2008

Generation Estate Planning Limited is an appointed representative of Heritage Financial Services which is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register). FSA Registration No: 185508

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