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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF DECREASING TERM POLICY

A type of term life insurance where the net death benefit decreases over time. Most decreasing term policies correspond to some form of note, loan, or mortgage and as you pay down the debt, the net death benefit decreases accordingly. See: Term Life Insurance, Convertible Term Insurance, Increasing Term Policy, Level Term Policy

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Related Pages: Convertible Term Insurance, Increasing Term, Level Term Insurance, Term Life Insurance