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Term Life Insurance: Level Term vs Decreasing Term





Do you know the difference between level term life insurance and decreasing term life insurance?

From :

Term insurance comes in two basic varieties—level term and decreasing term. These days, almost everyone buys level term insurance. The terms “level” and “decreasing” refer to the death benefit amount during the term of the policy. A level term policy pays the same benefit amount if death occurs at any point during the term.

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