What Does Decreasing Term Life Insurance Mean?

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What does Decreasing Term Life Insurance mean? Read on to discover the definition & meaning of the term Decreasing Term Life Insurance - to help you better understand the language used in insurance policies.

Decreasing Term Life Insurance

Decreasing Term Life Insurance

Decreasing term life insurance is a type of term life insurance whose death benefit decreases at a set rate as the policy matures. Premiums normally remain the same throughout the life of the policy, which can range from one to 30 years. The decrease in the death benefit may occur monthly or annually.

We hope the you have a better understanding of the meaning of Decreasing Term Life Insurance.

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