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20 questions sampled from our Life & Health bank. AI explanations shown after each answer.
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Question 1 of 20
0 correct so far
National-LH-I Life Policy Types
easy
A 30-year decreasing term policy is sold as mortgage protection on a 30-year amortizing home loan. Across the policy's life, the:
A
Premium decreases each year on a set declining schedule while the death benefit stays level at the original face for the full 30-year term
B
Premium stays level while the death benefit decreases on a schedule designed to track the declining mortgage balance
C
Premium and death benefit both increase each year, indexed upward together to keep pace with general consumer price inflation over the term
D
Premium and death benefit both decrease each year proportionally and in lockstep over the entire 30-year policy term
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