In decreasing-term insurance, the premiums paid _________ over time.

A. Increase

B. Decrease

C. Remain constant

D. Are returned

Answer: Option C

Solution(By Examveda Team)

In decreasing-term insurance, the premiums paid remain constant over time. Decreasing term insurance is renewable term life insurance with coverage decreasing over the life of the policy at a predetermined rate. Premiums are usually constant throughout the contract, and reductions in coverage typically occur monthly or annually.