_____ is a relatively expensive type of decreasing term life insurance.

Name: _____ is a relatively expensive type of decreasing term life insurance.
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Question

_____ is a relatively   expensive type of decreasing term life insurance.

Quizplus · Accepted Answer

Credit life insurance is a specific type of decreasing term life insurance associated with loan repayment, where the policy's value decreases as the loan balance decreases. It can be relatively expensive compared to other types of life insurance due to its convenience and the way it's often sold directly through lenders.

_____ Is a Relatively Expensive Type of Decreasing Term