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

Answer & Solution
Correct Answer: Option C
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.
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1 Comment
Anand Kumar
Anand Kumar 7 years ago
3» ________life insurance pays off a policyholder s mortgage in the event of the person s death.