What happens to your unresolved debts?
Decreasing term life insurance is designed to protect your mortgaged assets. It is not similar to the other insurances as this is a renewable decreasing life insurance policy. There can be many situations, where you will be in need of a loan and it is not fair for your family members to deal with your debts all alone. When you did not get the chance to clear them within your lifetime, we will help your family with decreasing term life insurance.
Your family gets to clear your mortgage debts and protect your assets from the lenders. The policy may not resolve the entire debts but will sure do clear the majority of them.