Does the cost of “DECREASING TERM LIFE INSURANCE” go up as the payout amount goes down?
October 18th, 2010
Question by Boompy: Does the cost of “DECREASING TERM LIFE INSURANCE” go up as the payout amount goes down?
Does the *cost* of “DECREASING TERM LIFE INSURANCE” go up as the payout amount goes down…. like the “LEVEL TERM LIFE INSURANCE” cost goes up…. or does it go down as the payout goes down?
Best answer:
Answer by Tom Z
Decreasing term insurance premiums are designed to stay the same during the term of the policy.
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