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Life Insurance Glossary: Decreasing Term Insurance

Life Insurance Glossary Life Insurance Glossary

Decreasing term insurance is a type of life insurance that lasts for the term of the mortgage. The money paid out decreases as the mortgage is paid off each year, leaving a small payout at the end of a mortgage term should the holder die. This is a less expensive option than a level term or increasing term life insurance policy.

Life Insurance Glossary Life Insurance Glossary

See also: Financial Services, Life Assurance

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