Mortgage Decreasing Insurance:
Mortgage decreasing insurance is a type of term insurance
where the amount of cover decreases over the term of the policy. It is usually
designed to tie in with the outstanding amount on a repayment mortgage.
Family income benefit is the cheapest type of term insurance which pays out and
income (rather than a lump sum) for the rest of the term.
Check - if you dont have any dependants, you may not
need life cover.