question 8 of 85\ndecreasing term insurance is often used to\na. liquidate an estate.\nb. cover a…

question 8 of 85\ndecreasing term insurance is often used to\na. liquidate an estate.\nb. cover a mortgage.\nc. build up cash value for retirement.\nd. pay estate taxes.

question 8 of 85\ndecreasing term insurance is often used to\na. liquidate an estate.\nb. cover a mortgage.\nc. build up cash value for retirement.\nd. pay estate taxes.

Answer

Brief Explanations:

Decreasing term insurance has a face - value that declines over time, often in line with the decreasing balance of a mortgage. It's designed to cover the outstanding debt in case of the insured's death. It doesn't liquidate an estate, build cash value for retirement, or specifically pay estate taxes.

Answer:

B. Cover a mortgage.