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Decreasing Term Assurance
Martarw
Posts: 1 Newbie
Sorry if this has been covered elsewhere but can someone explain Decreasing Term Assurance. I seem to have paid this on a Barclays Personal Cover plan on a remortgage and it seems to have died a death. Is there any value on maturity, it matured in 2010,and I have received no correspondence whatsoever ? Thanks
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Comments
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Sorry if this has been covered elsewhere but can someone explain Decreasing Term Assurance. I seem to have paid this on a Barclays Personal Cover plan on a remortgage and it seems to have died a death. Is there any value on maturity, it matured in 2010,and I have received no correspondence whatsoever ? Thanks
Decreasing Term Assurance is a form of life insurance. It pays out a lump sum if you die during the term of the policy. There is no value on maturity.0 -
It dies a death at the end of the term unless you die a death during the term.0
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