What Is Modified Term Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Modified Term Life Insurance is a term policy in which the premiums will go up over time, or the face amount will decrease over time. If you only need a large amount of life insurance during the first part of the policy, a modified plan could be a suitable option.
    Answered on October 24, 2014
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