At Baker Hudson we understand the importance of safeguarding your family’s future. Our decreasing life insurance policies are tailored to cover your outstanding loans in the event of your death. The primary purpose of this insurance is to ensure that your loved ones don’t inherit any debts you may have accrued at the time of your death. Here’s why you should consider decreasing term life insurance:
- Financial Security for Your Family: Decreasing Life Insurance provides peace of mind knowing that your family won’t be burdened with any debts if you die during the term.
- Simplicity: The policy is straightforward. If you pass away, the insurance can be used to payy off your outstanding loans, ensuring that your family isn’t saddled with this financial responsibility.
- Term Options: You can typically choose the policy term to align with the length of your loans.
- Premiums Tailored to You: Premiums are often designed to be affordable and can be customized to fit your budget.
- Customisation: You can enhance your policy with critical illness coverage, fracture cover or global medical coverage for added protection.