Question 1013 of 287 · Texas Life, Accident and Health Agent Exam
A father wants coverage that will pay off his mortgage balance if he dies, with the amount of protection shrinking as the loan is repaid. Which policy fits best?
Exactly one answer is correct.
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Correct answer to question 1013
- B: Mortgage protection (decreasing) term
Explanation
Decreasing term matches the shrinking loan balance and costs less than level coverage. Whole life would provide far more coverage than the debt requires.
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