0
Not a common term but as your policy ages, the premium goes up. There is a decreasing term. It was commonly used for mortgage protection and the death benefit decreased over time but the premium held constant. Not a good idea and probably not readily available any more. 4lifeguild
Add your answer:
Earn +20 pts
What does Increasing Term Life Insurance mean?
With increasing term life insurance the value of the policy increases over time to make up for inflation. The premiums increase as well, both increasing at an agreed upon rate.
Is there a penalty for increasing my term life insurance?
You may not be penalized for increasing your term coverage. However you may be required to take another physical.
What type insurance would be used for a return of premium rider?
Increasing term
What is the process of Increasing Term Life Insurance?
Increasing term life insurance will increase in its value over time usually at a rate proportional to inflation. The premiums will increase over time, as well as the overall value of the policy.
What is the term for increasing speed?
The term for increasing speed is accelerating.
Are car insurance costs increasing or decreasing in this economy?
Car insurance is increasing at a rate of 1.4% as of 2009.
What are the differences between term or whole life insurance?
Term Life insurance is a type of policy used for a set amount and a predetermined number of years that is paid out during one's lifetime. Whole life insurance is term combined with a type of investment policy that allows you to borrow against it during the span of the policy because it is constantly increasing in value.
What is the difference between renewable term insurance and regular term insurance?
Renewable term allows you to renew at the end of the term. Regular term insurance does not guarantee you that right.
What are 3 ways that can lower a homeowner insurance rate?
There are a number of ways that one can lower a homeowner insurance rate. Three ways this can be done are by increasing the deductible, combining the insurance with auto insurance or increasing one's home security.
Can you cancel a term life insurance policy?
Yes. Term insurance is like renting insurance.
Does Prudential Life Insurance offer term life?
Prudential Life Insurance offers several different type of life insurance, including term life insurance. They offer complete term insurance or supplemental term insurance that can be added on top of any other insurance you may have.
Does all life insurance have no physical term?
No, term life insurance has a term, hence the name.
