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.
Last updated on April 11, 2008
Radcliffe and Newlands Ltd is an Appointed Representative of Sage Financial Services Ltd, which is authorised and regulated by the Financial Services Authority. Sage Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register) under reference 150452. FSA Registration No: 457283
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