Does the premium in a decreasing term policy decrease?

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1077876

2026-04-17 15:45

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Most of the time a decreasing term policy is averaged out so that the premium stays the same while the coverage decreases along with a mortgage balance or whatever it was originally set up to do. Term insurance prices increase as an insured ages and this type of policy is set up to decrease so that the premium does not go up as you age.

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