12:49 am Thu 11 Mar 2010
Sheila
Tarr
Independent
Financial
Services

Protection: Decreasing Term Assurance (DTA)

 
With DTA, the sum assured reduces to nothing over the term of the policy. Policies are setup on this basis when there is a reducing debt, such as a mortgage that has been arranged on a repayment basis (where both capital and interest is being paid).