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GLOSSARY

 GLOSSARY TERMS by Alpha
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Daily
Data processing insurance
Date of Issue
Death benefit
Declarations page
Decreasing Term Insurance
Deductible
Demolition insurance
Deposit premium
Depreciation
Double indemnity
Dual life insurance

Decreasing Term Insurance

Term life insurance whose face value decerases in scheduled stages beginning from the policy issue date and ending when it expires. Premiums remain level throughout the life of the policy. The scheduled decreases usually occur monthly or annually.

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