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What life insurance needs might be most appropriately taken care of by purchasing decreasing term insurance?
Wiki User
∙ 10y ago
Decreasing term insurance is most often used to protect mortgages and other large debts. The premium stays the same but each year the face amount of the policy reduces just as the principal owed on the loan drops. It is a way to get protection at a lower cost. If these types of policies are being added to a loan it is a good idea to shop before you agree to it. Check with your insurance agent first.
Wiki User
∙ 10y ago
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Can I use my cheap car insurance in Hawaii?
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How does one purchase home insurance through the Post Office?
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An exponential decay function represents a quantity that has a decreasing halving time?
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Guaranteed annuities are sold by major insurance companies such as Met Life and Prudential. This form of product is recommended by several retirement planners who might be a good source of purchasing information.
