Renee Warning has a life insurance policy where the payments to beneficiaries get smaller as time passes.What type of term life insurance does Renee likely have?

Question

Quizplus · Accepted Answer

Renee likely has a decreasing term life insurance policy. In this type of policy, the death benefit decreases over time, usually at a set rate, while the premium payments remain the same. This type of policy can be helpful for people who expect their financial obligations to decrease over time, such as paying off a mortgage or other debts.

Renee Warning Has a Life Insurance Policy Where the Payments