Term life insurance in which the amount of insurance protection decreases over the life of the policy, while the premium remains level.
Term life insurance in which the amount of coverage declines during the period for which it is issued.
A form of life insurance in which the death benefit which declines throughout the term of the contract, reaching zero at the end of the term. Rarely sold at this time because level term insurance is so much less expensive.
A term insurance policy in which the sum insured payable reduces steadily every year, decreasing to nothing at the end of the term. This type of policy is usually taken out to cover a debt.
Provides a death benefit that declines throughout the contract's term, reaching zero at the end of the term.
The sum insured decreases by specified amount each year until the policy expires.
Some life insurance policies are for a fixed length of time (term), and pay you a fixed lump sum if you die during that time. With a Decreasing Term policy, the amount paid out reduces during the term. So the earlier in the term you die, the larger the amount paid to your dependants. This is often used as mortgage cover.
This type of insurance provides a death benefit to the beneficiary which decreases throughout the term of the contract, until reaching zero at the end of the contract.
A form of term life insurance where the death benefit decreases each year as per your policy. Premiums remain level. This type of certificate is frequently sold as mortgage insurance. There is no surrender value for this policy.
A type of insurance in which the premium decreases over the period of the term, as does the coverage; usually used as a form of mortgage insurance.
A form of Life Insurance that provides a death benefit which declines throughout the term of the contract, reaching zero at the end of the term.
A term insurance policy, in which the sum insured is reduced by a fixed amount each year, decreasing to nil at the end of the term.
term insurance policy in which the cover is reduced by a specific amount each year, decreasing to nil at the end of the term. The amount you pay into the policy in most circumstances will stay the same throughout the term. This type of insurance is commonly used to cover a repayment mortgage, as they are designed to pay the outstanding debt in the event of your death. There is no surrender value for this policy.
Decreasing term is a type of term life insurance where the insurance amount decreases over time. Most decreasing term policies are tied to some form of note or mortgage and as you pay down the mortgage, the insurance amount decreases. These policies were very popular 10-15 years ago; however, level term life insurance is now generally more competitive.
A life assurance policy that pays out if the customer dies within the period specified within the policy, but where the amount paid out on death decreases each year the policy is in force. The earlier in the term of the policy the customer dies, the larger the pay out.
Insurance benefits reduced monthly or yearly with the premium remaining constant.