Thanks. I'm not sure why there's a life policy for a capital repayment mortgage but- maybe it was part repayment and part endowment/interest only.
Anyway lenders sometimes wanted the policy assigning to them as security and then it would be returned to you at the end of the term. However my own lender removed the assignment part way through, and I assumed other lenders would do the same.
Is there any reason to think they might cancel it? I'm not sure what you mean by 'reduce it'