What's the difference between level and decreasing life cover?

Published 18/03/2016 12.01 PM   |    Updated 07/06/2017 09.09 AM
With level life insurance cover, the amount you are covered for is fixed when you start paying the premiums and won't change. Decreasing life insurance cover is specifically designed to cover the reducing amount you owe on a capital and interest repayment mortgage.

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