Decreasing term

Insurance

What is

Decreasing term

Insurance?

What Is Decreasing Term Insurance?

Decreasing term insurance is renewable term life insurance with coverage decreasing over the life of the policy at a predetermined rate. Premiums are usually constant throughout the contract, and reductions in coverage typically occur monthly or annually. Terms range between 1 year and 30 years but it depends on the insurance company and the plan they offer.

Understanding Decreasing Term Insurance

The theory behind decreasing term insurance holds that with age, certain liabilities, and the corresponding need for high levels of insurance decreases. Numerous in-force decreasing term insurance policies take the form of mortgage life insurance, which affixes its benefit to the remaining mortgage of an insured’s home.

Alone, decreasing term insurance may not be sufficient for an individual's life insurance needs, especially if they have a family with dependents. Affordable standard term life insurance policies offer the security of a death benefit throughout the life of the contract.

KEY TAKEAWAYS

  • Decreasing term insurance is often purchased to provide personal asset protection.
  • Decreasing term life insurance is less expensive than term or whole life policies.
  • A decreasing term life policy is very similar and may mirror the amortization schedule of a mortgage.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  • Uninsured motorist coverage (UM) is an add-on coverage for auto policies that will pay for injuries and damages caused by an uninsured driver.
  • Hit-and-run drivers are also considered uninsured motorists.
  • Uninsured motorist coverage usually adds only a small cost to an auto insurance policy but provides beneficial coverage.

Here are some impressive metrics.

20%

Avg. Savings Rate

$400/yr

Avg. Savings

80

Insurance Providers

Talk to a seasoned Insurance expert to learn more about what coverage you need.
We'll get you on the right path in no time!

Atlas One Service Features

Automatic Remarketing

Every 2 years we research your market to find you better rates for the same level of coverage. We do this for you absolutely free.

Digital Platform

We bring the power of an Insurance Broker to a digital format. Our digital platform makes it possible to find the best insurance coverage from the comfort of your own bed.

Concierge Service

We work with you to create the best possible experience. No matter what unique circumstances you find yourself in, we come along side to get you the coverage you need.
Website Developed by Moonlight N' Stuff