Mortgage Protection (Decreasing Term Assurance)

1. A variation of level term assurance
2. The amount of cover decreases over the policy term
3. The premium stays level throughout the policy term
4. Add critical illness cover and the plan will pay out if you are diagnosed with one of the specific illnesses mentioned in the providers key features document, during the term
5. It is possible that conversion options may be added to the policy
6. Typically uses include; protecting a reducing debt such as a repayment mortgage, to cover the reducing inheritance tax liability following a gift (such a policy often is termed a ‘Gift Inter Vivos’ policy).

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Braunton IFA Ltd is an appointed representative of Virtual Net (Europe) Plc which is authorised and regulated by the Financial Services Authority.The Financial Services Authority do not regulate some areas mentioned on our web site including most Buy to Lets and Commercial Mortgages, National Savings Products, Home Reversion Schemes, Inheritance Tax Planning and Will Writing