What does Decreasing Term Insurance mean? Read on to discover the definition & meaning of the term Decreasing Term Insurance - to help you better understand the language used in insurance policies.
Decreasing Term Insurance
Term life insurance on which the face value slowly decreases in scheduled steps from the date the policy comes into force to the date the policy expires, while the premium remains level. The intervals between decreases are usually monthly or annually.
We hope the you have a better understanding of the meaning of Decreasing Term Insurance.