28 May 2011

Decreasing Term Life Insurance

Consumers are faced with various insurance products to avail depending on their needs, financial capabilities and lifestyle. One of the insurance scheme in the market is the decreasing term life insurance. This kind of insurance scheme is also known as mortgage protection assurance.

The decreasing term life insurance starts with a high face value and a low premium. Policy holders who have mortgages buy this kind of insurance to ensure that their loans are covered as well in the event of death or disability.

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