of $20$

One type of term life insurance pay's a monthlyincome benefit to the insured's surviving famly members for a specified petiod if the insured dies during the term of coverage. Under this type of insurance, the longer the insured lives after the policy is purchased, the shorter the monthly benefit period. By definition, this type of term life insurance is a form of

levelterm ife insurance known as family income covernge

decreasing term life insurance knowh as farnilyincome coverage

level term life Insurance known as credit iffe insurance

decreasing term Ife insurance kinown as credt llfe insurance