Decreasing cover
Cover reduces but payments stay the same

How does decreasing cover work?
Decreasing cover means that the amount your policy pays out goes down each month until it ends. You'll pay the same amount each month.
What’s the benefit of decreasing cover?
Decreasing cover is usually a cheaper kind of cover. It's often used to cover a repayment mortgage. As you pay off your mortgage, the amount of cover you'd need to pay it off will go down. So if you mainly need cover for your mortgage, you could get the support you need and pay less each month than level cover.
We don’t offer this kind of cover online just now, but see below on how to find out more.