Level or Decreasing Life Cover

Level or Decreasing Life Cover: White couple reviewing life cover documents at home, with icons for fixed benefit, reducing benefit and mortgage protection.

Level or Decreasing Life Cover: Which Could Match Your Mortgage?  Two policies can begin with the same insured amount yet provide very different protection later. Level term life cover keeps the benefit unchanged. Decreasing term life cover reduces the benefit during the policy term. The distinction matters when a policy is intended to protect a […]