What Is Decreasing Term Insurance?

Decreasing Term Insurance

What Is Decreasing Term Insurance?

Decreasing term life insurance is a type of life insurance where the death benefit decreases over the term of the policy. The premiums stay constant; however, because of this the premiums are less expensive than a standard term life insurance policy. This is an option that is generally referred to and used for mortgage protection. The theory behind this, is that as a person's debt is reduced, their need for the life insurance reduced.

To determine if this type of insurance is best for you, contact a professional at Family First Life to schedule an appointment.