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, where the death benefit decreases over time while the premiums remain the same. This type of policy is often used to cover a specific debt, such as a mortgage, that decreases over time.

Renee Warning Has a Life Insurance Policy Where the Payments