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01228 882 880
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01228 882 880
The least expensive of the Term Assurances, Decreasing Term Assurance does what it says on the label. The level of benefit decreases as the term of the policy runs; the premiums do not however reduce. The premiums are fixed throughout the policy term, and the premium level is lower than that of Level Term Assurance as a result of the decreasing benefit. This type of life assurance is commonly used to protect Capital & Repayment mortgage debt. Typically the policy reduces the protection assuming a Mortgage Interest Rate of 10%. Many are paying mortgage interest at around 5% and, providing interest rates do not go over 10%, the benefit should reduce slower than the mortgage debt, ensuring repayment of the mortgage debt in full. However, there is no guarantee that the level of cover will match the outstanding debt upon a claim.
Please be aware that in some cases this type of assurance is based on an assessment of the health of the applicant.
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
Value | Move | % |
FTSE 100 | ||
6567.37 | -86.64 ![]() |
-1.302 ![]() |
FTSE 250 | ||
20278.35 | -170.051 ![]() |
-0.832 ![]() |
FTSE 350 | ||
3740.98 | -46.17 ![]() |
-1.219 ![]() |
FTSE All Shares | ||
3716.37 | -45.27 ![]() |
-1.203 ![]() |
Dow Jones | ||
30303.17 | -633.83 ![]() |
-2.049 ![]() |
Nasdaq | ||
13270.598 | -355.467 ![]() |
-2.609 ![]() |
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Read moreCurrencies
Value | Move | % |
GBP/EUR | ||
1.13012 | -6.997585E-5 ![]() |
-0.0061915126 ![]() |
GBP/NOK | ||
11.86311 | 0.03292942 ![]() |
0.27835098 ![]() |
GBP/SEK | ||
11.44657 | 0.00097084045 ![]() |
0.008482216 ![]() |
GBP/USD | ||
1.3680452 | -0.0010863543 ![]() |
-0.07934836 ![]() |
CONTACT US
CMD Financial Solutions Ltd
39 Lowther Street
Carlisle
Cumbria
CA3 8EP
T: 01228 882 880
F: 01228 882 889
Email Us
CMD Financial Solutions Ltd is an appointed representative of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Openwork Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 408285.
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Registration Address: 39 Lowther Street, Carlisle, Cumbria CA3 8EP
Registration number: 06650508 - Registered in England & Wales
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