For instance, a decreasing term life insurance policy is a type of term insurance that provides a decreasing amount of coverage each year.
For example, a 10 year, $100,000 decreasing term life policy would provide $100,000 of coverage at inception, but the amount of life insurance would decrease each year until there was no coverage after the 10 year term.
After 3 years of decreasing coverage the policy would provide $70,000 of coverage since the amount it declined would be $10,000 per year until there was no coverage after 10 years.
Here's how you can learn more about decreasing term life insurance plans and request your free quote online.