Decreasing Term Assurance Policies

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Introduction > > > Decreasing Term Assurance

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

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