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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 06, 2011
Bond Finance Limited is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/home.do). Registered in England & Wales at 1 Royal Exchange Avenue, London, EC3V 3LT Registered Number: 05050021
Bond Wealth Management Limited is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/home.do). Registered in England & Wales at 1 Royal Exchange Avenue, London, EC3V 3LT Registered Number: 05050019
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