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decreasing term insurance

American  

noun

  1. a life insurance policy providing a death benefit that decreases throughout the term of the contract, reaching zero at the end of the term.

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Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.