katrinalondon
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If I take out decreasing term life insurance, does this mean that my payments will get progressively cheaper as the cover decreases?
- katrinalondon asked 2 years ago in Insurance
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Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
No, not at all. Your payments will stay the same (provided you have a guaranteed premium policy & you make all your payments etc). It is the sum assured (death benefit) which decreases according to how the policy is set up.
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