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Carlos Mendoza purchased a $$250,000$ insurance policy on his life that requires him to pay equal annual

premium payments. If Mr$.$ Mendoza keeps the policy in force by paying the annual renewal premiums, and if he

dies anytime within $20$ years after purchasing the policy, then the policy will provide a $$250,000$ death benefit.

The policy provides no coverage beyond the $20-$year period, and Mr$.$ Mendoza will not receive anything if he

lives to the end of the policy term. This information indicates that the type of insurance policy Mr$.$ Mendoza

owns is

an increasing term life insurance policy

a level term life insurance policy

a decreasing term life insurance policy

an attained age conversion term life insurance policy