Life insurance designed to pay the balance on a mortgage is an example of a good use decreasing term policy.

Name: Life insurance designed to pay the balance on a mortgage is an example of a good use decreasing term policy.
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A decreasing term policy is designed to provide coverage that decreases over time, generally in line with the decreasing balance of a specified debt such as a mortgage. Therefore, life insurance designed to pay off a mortgage is a good example of a use for this type of policy.

Life Insurance Designed to Pay the Balance on a Mortgage