Answered

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Which policy component decreases in decreasing term insurance?

A. Cash value
B. Premium
C. Face amount
D. Dividend

Sagot :

GinnyAnswer

Final answer:

Decreasing term insurance sees a reduction in cash value over time, focusing on the death benefit. It does not accumulate cash value, diminishing over the term.


Explanation:

In decreasing term insurance, the cash value component decreases over time. This type of policy focuses solely on providing a death benefit without accumulating cash value. As the term progresses, the cash value approaches zero.


Learn more about Insurance policies here:

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