Frequently Asked Questions

What is decreasing term insurance?

Decreasing term insurance is a product that provides level premiums with a decreasing death benefit. It is also sometimes referred to as 'Mortgage Insurance', as banks market this product for mortgage protection. It is a great money earner for the banks but not for the insured. For every year that you are paying the insurance premium to the bank, your death benefit goes down. Usually, level term insurance is a much better value. 


Over the years our customers have asked us particular insurance questions. We have put these altogether to help you make intelligent buying decisions.