Decreasing term policy is:
Posted: Thu Jul 21, 2022 8:57 pm
Decreasing term policy is:
A. A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection decreases
B. A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection increases
C. A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection remains unchanged
D. None of these
A. A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection decreases
B. A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection increases
C. A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection remains unchanged
D. None of these