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Decreasing Term Assurance Policies

Decreasing Term Assurance- These are policies, (similar to Family Income Benefit policies) where the sum assured decreases over time. However, they pay out a lump sum, whereas FIB plans pay out an income.

Commonly used to cover debts where the capital outstanding decreases over time.

With such policies there is no surrender value and cover will cease if premiums are not paid.

Last updated on April 7, 2010

Fiona Gray Financial Planning Limited is an Appointed Representative of Caliber Financial Associates Limited which is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/home.do). FSA Registration No: 211875

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