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Insured Life

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Life Insurance Designed to Pay Off Your Mortgage

Decreasing term life insurance provides cover that reduces over time — ideal for protecting a repayment mortgage at an affordable cost.

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What Is Decreasing Term Life Insurance?

Decreasing term life insurance is a type of life insurance where the amount of cover reduces over time, usually in line with a repayment mortgage. If you pass away during the policy term, the policy pays out a lump sum designed to clear the remaining mortgage balance.

Unlike level term life insurance, where the payout stays the same, decreasing term cover reduces gradually each year. Because the insurer’s risk decreases over time, premiums are typically cheaper than level term policies.

This type of cover is most commonly taken out by homeowners who want reassurance that their loved ones won’t be left struggling to pay the mortgage if they die. The policy usually lasts for the same length of time as your mortgage — for example, 25 or 30 years.

At Insured Life, we help you match the right decreasing term policy to your mortgage details, ensuring the cover reduces at the correct rate and provides dependable protection at the lowest possible cost.

Flexible Plans
Flexible coverage, and plans that suit your needs. With access to compare the market we can provide cover from as little as £5 per month.
FCA Regulated
Fully licenced and regulated by the Financial Conduct Authority.
Quick and Simple
Quick and simple application process. Simply request a quote and our team will compare the market for the best deals.
Trusted
We have provided life insurance for 100's of families across the UK, with excellent reviews on Google and TrustPilot.

Key Features to Compare Before Buying Decreasing Term Life Insurance

To ensure your mortgage is fully protected, compare:

Ensure it matches your mortgage repayment schedule.

Joint is cheaper but pays out once.

Must align exactly with your mortgage length.

Must align exactly with your mortgage length.

Must align exactly with your mortgage length.

Must align exactly with your mortgage length.

Often included — check age limits.

How to get Life Insurance

Fill in our form

Just a few simple questions that should take no more 1 minute to complete.

We'll call you

One of our team will call you to discuss your cover needs in more detail.

Choose your cover

We will share with you the best cover for your needs from the market. Once you confirm we will take care of the rest. Simple.

Who Needs Decreasing Term Life Insurance?

Decreasing term life insurance is best suited to people with repayment mortgages.

Homeowners
Provides peace of mind that your mortgage can be paid off if you die.
First-Time Buyers
An affordable way to protect your biggest financial commitment.
Couples With Joint Mortgages
Ensures the surviving partner isn’t left with mortgage repayments they can’t afford.
Families With Dependants
Keeps the family home secure during difficult times.
Budget-Conscious Buyers
Lower premiums make it an attractive option.
Those With Interest in Simplicity
Straightforward cover linked directly to your mortgage.

Testimonial

Trusted Life Insurance Advisor

Get expert guidance tailored to your needs. We help you choose the right life insurance plan to

secure your family’s future with confidence and peace of mind.

Posted on Google Google
Scott Fancett profile picture
Scott Fancett
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Morphey profile picture
Morphey
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Perfection. Nothing more to it. Highly recommend.
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Nigel Rowe profile picture
Nigel Rowe
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Fantastic to see all of the recent reviews following the change in ownership. We will keep on doing what we do best, listen, offer best advice and deliver on our promises.
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Wayne Shinn profile picture
Wayne Shinn
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First class service, very knowledgeable explained all the covers and no pressure sales. Just wanted to ensure you had the right cover to protect you and your family.
Posted on Google Google
Gerrard Ward profile picture
Gerrard Ward
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Great service. Clear concise details of policies, costs and benefits and always available for any additional info requested or clarification calls. No hassle service service with no pressure to jump in and sign until you are completely satisfied with offering.
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Kelly profile picture
Kelly
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Received a call from Nigel having entered my details online. Being a single mum I wasn’t sure what was best; I was advised on all options available for me. All info was sent to me via email for my perusal and this was followed up with a call. Nigel was very professional, not pushy at all! I very much trusted his advice; and I have since gone on to recommend him to my family and friends.
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Danny Israel profile picture
Danny Israel
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Incredibly helpful, knowledgeable and professional. All questions answered in a timely manner, with no pressure applied. Highly recommend Nigel and the team.
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Jake Dewhirst profile picture
Jake Dewhirst
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I have a 1 year old son so know I needed some insurance in case anything happened to me. I enquired through their website and received a call. The advice offered was clear and made very simple. I believed that they genuinely had my best interests in mind when offering a solution. I was sent an email and given time to decide which policy to opt for. There was no pressure and at no point did I feel rushed or obligated. Policies taken out and very happy with service received. Would not hesitate to recommend these guys.
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Cameron profile picture
Cameron
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I enquired for some quotes and got a call back the same day. They were extremely helpful and recommended me the best options and quotes for my circumstances. I wanted to change from my past insurer due to issues trying to get in contact, however over the last 6 months of using now Insured Life I will never look back. Never have issues getting in contact, any worries or questions I have get answered honestly and quickly and also the friendliest and most understanding insurer I’ve spoken to. Will 100% recommend this insurer to anyone looking for support.
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Peter Ward profile picture
Peter Ward
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The policy was discussed with me in detail and very clearly so I knew exactly what was covered in my plan. Brilliant service helped me find the best deal possible, I would highly recommend.

How Much Does Decreasing Term Life Insurance Cost?

Decreasing term life insurance is usually cheaper than level term insurance because the payout reduces over time.

Younger applicants receive lower premiums.

Insurers consider medical conditions and medications.

Smokers pay more.

Higher starting cover increases premiums.

Longer terms cost more.

Decreasing Term Life Insurance FAQs

Is decreasing term life insurance only for mortgages?

It’s mainly used for repayment mortgages.

No — premiums usually stay fixed.

You may need to adjust or replace your policy.

Can I add critical illness cover?

Yes, many insurers offer critical illness cover as an add-on.

Yes, though inheritance tax may apply without a trust.

Level term cover is usually more suitable.

Why Choose Insured Life for Decreasing Term Life Insurance?

Choosing the wrong decreasing term policy can leave your mortgage underprotected. Insured Life ensures your policy is correctly aligned with your mortgage and budget.

We compare leading UK insurers, explain all terms clearly, and provide FCA-authorised advice at no cost. Our goal is to secure reliable cover that protects your home and your loved ones.

Compare Life Insurance Quotes

Comparing life insurance quotes is the smartest way to find the right level of protection at the best price. Whether you're looking for term life insurance, whole life cover, or critical illness protection, our expert advisors help you compare multiple policies from trusted UK providers — all in one place.



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