Sentences with phrase «drops over the course of the policy»

Term policies can be level term which means the death benefit will remain the same throughout the duration of the policy, or they can be decreasing term which mean the death benefit drops over the course of the policy's term.

Most term life insurance policies pay the same benefit throughout the term, although with some policies, the death benefit drops over the course of the policy's term.

Not exact matches

Decreasing term means that the death benefit drops, usually in one - year increments, over the course of the policy's term.