Death Benefit Decrease on Term Policies

[WinoBlues]

I have not run into a new DT in along time. Love finding old ones.

Most companies do offer decreasing term, like someone said it is probably one of the most common policies and commonly used to protect a repayment mortgage but you don't have to have a mortgage to get a d.term policy so shop around.

Any quote you get, as mentioned above, will be subject to medical health etc.

 

[zoopie]

Hi,
Which companies allow to reduce death benefit on term policies? It's a common feature on ULs but I don't know if it's possible on term policies.
Thanks,

Decreasing term is found in the mortgage protection market, but most DT policies I ever had exposure to were only slightly cheaper than a normal term.

To me, there's really no place for a DT policy because the cost only gets more expensive over time (death benefit decreases, but cost stays the same).

For mortgage protection, people are better off buying a traditional term or return-of-premium term product.