Life Insurance General FAQs
Life Insurance General FAQs
What is mortgage decreasing term insurance?
Mortgage decreasing term insurance is where the amount you are insured for decreases over time. Since your monthly premium is fixed but the sum you are insured for decreases roughly in line with your repayment mortgage amount, it's generally cheaper than mortgage term insurance. In some circumstances, the lump sum paid out may not be enough to pay off your repayment mortgage in full, for example if your mortgage interest rate averages over 10% during the term of the plan.
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.