What Is Decreasing Term Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Decreasing Term Life Insurance is term life insurance in which the face amount decreases as time goes on. Mortgage life insurance operates on that principle, since the life insurance face amount goes down as the remaining mortgage goes down. Most Term Life Insurance sold now is "level" Term Insurance where the death benefit stays the same for the duration of the term.
    Answered on August 8, 2013
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