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Increasing-Premium
Term
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Level
death benefit with increasing premiums in order to offset age-
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related risks
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Renewable
term may be extended over some predefined period
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without proof of
insurability
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Level-Premium
Term
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Holds
premium constant over a set number of years such as 5, 10,
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15, or 20.
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may
be renewed at a higher premium
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Decreasing
Term
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premium
remains constant
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increased
risk of mortality offset by declining death protection
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Group
Mortgage Life
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a
type of decreasing term insurance meant to payoff the balance on
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a mortgage
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