decreasing term assurance
noun[U]
ukus(alsodecreasing term life assurance);(decreasing term insurance)INSURANCE
alifeinsuranceagreementin which theamountpaidover afixedperiodoftimeislowandremainsthe same, while theamountreceivedondeathbecomesless eachyear:
Alternatively, you couldoptfordecreasingtermassurance, where thesumreducesover thetermof thepolicy.