Decreasing term Life Assurance 

Decreasing term life insurance is a policy where the benefit declines on either a monthly or annual basis. The size of the policy continues decreasing until either the policy pays out or until the end of the coverage period.

A decreasing term life insurance policy typically works best to cover a loan or other financial obligation that will reduce in size over a known period of time. For example, if you want just enough life insurance to cover your mortgage so that your family would be able to keep your home after you pass away.




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15minutelifeinsurance.co.uk is a trading name of Greyfriars Estate Planning Limited which is registered in Scotland no. SC636756.
Registered office, Springfield House, Laurel Hill Business Park, Stirling, FK7 9JQ.



The 15 Minute Life Insurance Service provides policies underwritten by AIG Life, which include access to Smart Health services which are provided by Teladoc Health
We want to let you know that these services are non-contractual, which means they don’t form part of your insurance contract with us. If our partnership with Teladoc Health ends, the service can be withdrawn at any time without notice. Please note the maximum cover across all AIG Instant Life Insurance policies is £600,000 if aged 17 – 45 or £350,000 if aged 46 to 55.

 Authorised and regulated by the Financial Conduct Authority. Greyfriars Estate Planning Limited is entered on the Financial Services Register https://register.fca.org.uk/ under reference 912820.  A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567. If you wish to register a complaint, please write to us at the address above or email us at info@greyfriarsestateplanning.co.uk