Sally wants to make sure that life insurance proceeds are available to pay her outstanding mortgage balance if she dies.
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answerhappygod
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Sally wants to make sure that life insurance proceeds are available to pay her outstanding mortgage balance if she dies.
Sally wants to make sure that life insurance proceeds are available to pay her outstanding mortgage balance if she dies. She purchased a type of life insurance in which the amount of coverage gradually declines, just as her outstanding mortgage balance gradually declines. This type of life insurance is called O re-entry term insurance, O modified life insurance. current assumption whole life. decreasing term insurance.
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