Type Of Policy.

[Bigbad]

I’m trying to remember what type of life insurance policy pays out less each year.
So if you take out the policy and it pays £200 if you die in the first year, £150 if you die 5 years later, and £100 after ten years.
Whatever is it called?

Thanks.

[THECORBYLOON]

Decreasing-term life insurance

https://www.moneysupermarket.com/life-insurance/decreasing-term/

[Bigbad]

Thank you THECORBYLOON, I've been wracking my brain all day!

[bhg481]

It used to be called a "Mortgage Protection Policy"; perhaps it still is.

[Bigbad]

Thank you bhg, the one I was trying to remember definitely had the word "decreasing" in it.
A simple word, which today, escaped me!