Decreasing term insurance is most commonly used to cover which need?

Decreasing term insurance is most commonly

Multiple choice — select the best answer

AA mortgage or other amortizing debt
BA permanent estate-planning need
CFunding a lifetime annuity
DPaying ongoing retirement income

✓ Correct answer: A. A mortgage or other amortizing debt Decreasing term has a death benefit that declines over time, matching it well to an amortizing debt such as a mortgage whose balance falls each year.

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Decreasing term insurance is most commonly used to cover which need?

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