Q518
Pick out the incorrect statement out of the following ones.
A.
In decreasing term policy the premium will fall each year
AnswerB.
In decreasing term cover the premium is the same throughout the policy duration
C.
Policy benefits will also decrease over the policy period
D.
Mortgage redemption policy is nothing but a term insurance cover
Answer: Option A
Solution
Answer: Option A
Solution:
In decreasing term insurance the premium is constant through the term.