Can Decreasing Term Life Insurance Be Used To Pay A Mortgage?

Can you buy decreasing term life insurance to pay off your mortgage if you pass away.

Yes, many people choose to purchase decreasing term life insurance to pay off their mortgage in case they die.

Another option is level term life insurance which offers guaranteed level rates and life insurance coverage for up to 30 years.

Decreasing term life insurance offers rates that remain the same each year, while the amount of life insurance protection decreases each year in-line with your decreasing mortgage loan.

Here's how you can request your free quotes for term life insurance online from over 77 top-rated life insurers offering you savings up to 75%.

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