All of the following are true regarding a decreasing term policy EXCEPT

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All of the following are true regarding a decreasing term policy EXCEPT

A. The payable premium amount steadily declines throughout the duration of the contract.

B. The death benefit is $0 at the end of the policy term.

C. The contract pays only in the event of death during the term and there is no cash value.

D. The face amount steadily declines throughout the duration of the contract.

Answer: A. The payable premium amount steadily declines throughout the duration of the contract.

Life Insurance

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