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Life Insurance General FAQs

Life Insurance General FAQs

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What is Decreasing Life Insurance?

Decreasing Life Insurance is an insurance policy where the amount you’re insured for decreases over time. It’s generally cheaper than life insurance because your monthly premium is fixed but the sum you’re insured for decreases roughly in line with the way a repayment mortgage reduces. Your policy may not completely pay off your outstanding mortgage unless you ensure that your amount of cover is adjusted to match any new mortgage arrangements. For Decreasing Life Insurance you must also check that the interest rate applied to your mortgage does not become higher than the interest rate applied to your policy.

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Sainsbury's Supermarkets Ltd is an appointed representative of Sainsbury’s Financial Services Ltd.

Sainsbury’s Money is a trading name of Sainsbury’s Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority (Register no 184514). Sainsbury’s Financial Services Ltd is registered in England and Wales (No. 3279730). Registered Office: 33 Charterhouse Street, London, EC1M 6HA.

Sainsbury's Financial Services act as an introducer to Legal & General Assurance Society Limited who is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register no 117659).Legal & General Assurance Society Limited is registered in England and Wales (No. 00166055). Registered Office: One Coleman Street, London, EC2R 5AA.