Q517
Which is correct about a decreasing Term Insurance?
A.
Premium will increase over time
B.
Premium will decrease over time
C.
In decreasing term insurance the premium is constant through the term
AnswerD.
Premium is returned periodically
Answer: Option C
Solution
Answer: Option C
Solution:
In decreasing term insurance the premium is constant through the term. A term life insurance policy in which the policyholder pays a constant premium but the benefit decreases over time, either on a monthly, quarterly, or yearly basis.