
11/05/2024
Attention Homeowners: Consider Decreasing Term Life Insurance. This policy features an annually decreasing face value with level premiums, ideal for mortgage protection. For instance, a 30-year policy can parallel a 30-year mortgage, adjusting its face value as the mortgage balance decreases. Upon mortgage payoff, the policy expires. This ensures your family's home remains debt-free in the event of your passing, preventing loved ones from inheriting outstanding debt.