With decreasing term life insurance,the face amount of the policy remains constant,but the premiums decrease.

Name: With decreasing term life insurance,the face amount of the policy remains constant,but the premiums decrease.
Brand: Quizplus
Rating: 4.7 (55 reviews)

Question

Quizplus · Accepted Answer

With decreasing term life insurance, the face amount of the policy decreases over time, typically to match the decreasing amount of debt or financial responsibility, while the premiums generally remain constant.

With Decreasing Term Life Insurance,the Face Amount of the Policy