1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    I have searched and searched for decreasing term life insurance and have not been able to find a company that sells it. There are companies that will continue a policy after the term ends, at a lower face amount. But for those who insist on a lower face amount each year, we have used annually renewable term. Each year you can get a new one year policy with a lower face amount.
    Answered on September 25, 2014
  2. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Who sells decreasing term life? Well about the only thing left that is close to the concept would be credit life. Credit life is a policy that insures your loan amount as it grows smaller over time for a set premium. Usually it is a very expensive product for the amount of coverage it provides, but for some, may be the only thing they can purchase because of poor health. Usually if your health is fair to good, you can do better with a traditional term life product.
    Answered on October 16, 2015
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