If you wanted to provide more coverage for your family early in life when they need it the most and decrease the amount of benefits in later years, yet continue to pay the same premiums, you should buy a ________ policy.

Question

Quizplus · Accepted Answer

A decreasing-term policy is designed to offer more coverage early on when financial obligations may be higher (e.g., mortgages, education costs for children) and then decrease over time, typically with the premium remaining constant. This matches the scenario described.

If You Wanted to Provide More Coverage for Your Family