Which one of the following is not true regarding Decreasing Term life - ProProfs Discuss
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Which one of the following is not true regarding Decreasing Term life insurance?



A. It is often used by financial institutions who write Credit Life for debtors
B. The face amount goes down over the term of the policy
C. The premium goes down as the coverage decreases
D. It is often used as Mortgage Protection coverage

This question is part of Life, Accident, and Health Combo Exam
Asked by CITC, Last updated: Dec 19, 2019

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2 Answers

Thomas Ben

Life Insurance Adviser who can connect the policy seekers with the right insurance providers. https://www.swiftlifeinsurance.co.uk

Thomas Ben, Financial & Insurance Adviser, Higher Education, united kingdom

Answered Oct 08, 2019

C. The premium goes down as the coverage decreases

The decreasing term life insurance policy usually helps in clearing debts overtime in the event of policyholder death and term is associatedas per the debt.

 

CITC

CITC

Answered Sep 14, 2017

The premium goes down as the coverage decreases
 

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