decreasing term assurance

decreasing term assurance
decreasing term assurance decreasing term assurance assurance

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decreasing term assurance UK US noun [U] (also decreasing term life assurance, decreasing term insurance)
INSURANCE a life insurance agreement in which the amount paid over a fixed period of time is low and remains the same, while the amount received on death becomes less each year: »

Alternatively, you could opt for decreasing term assurance, where the sum reduces over the term of the policy.


Financial and business terms. 2012.


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