Decreasing Term Mortgage Insurance | The Living Business | Financial Tips and Advice

decreasing term mortgage insurance

When is decreasing term insurance appropriate for you?

Decreasing term insurance is not the right choice for everybody because when decreasing term insurance you are decreasing the value of the policy over the term. With basic term life insurance when you decide to decrease the term insurance, the effect isn’t as noticeable because with term insurance the value of the policy remains the same, so when you decrease the value it is just one drop. Decreasing term life insurance means slowly decreasing the value of the policy over a period of time.

The most common place that you will find decreasing term life insurance is in conjunction with a mortgage. Most people have decreasing term mortgage insurance in case something happens to the other person. If you or your partner were to suddenly die, your decreasing term insurance would pay t... http://the-insurance.ucoz.com/news/decreasing_term_mortgage_insurance/2013-05-30-2631