Decreasing Term Insurance Pays Less to the Beneficiary as Time

question 61

True/False

Decreasing term insurance pays less to the beneficiary as time passes.

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Definitions:

Newborn

A baby from birth to a few months old, particularly during the first 28 days of life outside the womb.

Nursery

A room or area designated for the care and nourishment of young children or infants.

Hospitalized Patient

An individual who is admitted to the hospital for treatment, observation, or surgery that requires at least one overnight stay.

Same Sex

Refers to individuals or entities of the same gender or sex, often used in the context of relationships, marriage, or attractions.