With only four plan options and starting benefits that range from $150,000 to $400,000, this policy's simple pricing and benefit structure is easy for an insurance novice to comprehend.
Because premiums never change throughout the life of the policy, members know year-in and year-out exactly what their insurance will cost.
Decreasing Term Life Insurance is a type of term coverage in which the death benefit decreases as an insured person ages. It is a good option for people who may have less need for life insurance later in life as children get older and other financial obligations, such as a mortgage or school loans, decline.