Benefits Lesson

Decreasing Term Life Insurance

The death benefit of a decreasing term policy with decrease over the life of the policy. However, your payments will stay the same. These types of policies may be a good idea to cover a mortgage or other loan.

Lesson Script

What This Video Covers

The death benefit of a decreasing term policy with decrease over the life of the policy. However, your payments will stay the same. These types of policies may be a good idea to cover a mortgage or other loan.
Insurance Terms to Know

Experience Modification Factor

An experience modification factor adjusts workers compensation premium based on an employer's loss history compared with similar businesses.