What type of life insurance are credit policies issued as

Posted By Admin @ September 03, 2022


Credit life insurance is typically issued with which of the following types of coverage? Annual Renewable Term Decreasing Term Individual Whole Life Group Term


This would be issued at a decreasing term. Decreasing term insurance is an annual plan for term life insurance that offers benefits at death that will lower at a date that is predetermined. Most premiums remain the same throughout contracts and any reductions would occur monthly or annually.

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