Term life insurance which is temporary life insurance coverage offers you the option of several types of protection, including level and decreasing term.
The type that may be right for you depends on your life insurance needs.
If you have a need for life insurance coverage that declines over time, such as, to protect a decreasing mortgage loan, you may want to consider decreasing term insurance which provides rates that remain the same each year while the amount of life insurance decreases.
On the other hand, if you want your life insurance to remain level, then you may want to consider level term life insurance which provides guaranteed level rates and coverage amount for the entire term or length of your term life insurance plan.
The type that may be right for you depends on your life insurance needs.
If you have a need for life insurance coverage that declines over time, such as, to protect a decreasing mortgage loan, you may want to consider decreasing term insurance which provides rates that remain the same each year while the amount of life insurance decreases.
On the other hand, if you want your life insurance to remain level, then you may want to consider level term life insurance which provides guaranteed level rates and coverage amount for the entire term or length of your term life insurance plan.