Decreasing Term Assurance

Martarw

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

antrobus

Martarw wrote: »

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.

magpiecottage

It dies a death at the end of the term unless you die a death during the term.