Mortgage Protection/Decreasing Term Products...who do you like?

Kim Mastridge

New Member
I am looking at increasing my options in this market as it is a niche for me. Does anyone have a particular preference for who they are writing it with and if so, why? Thanks in advance!
Decreasing term doesn't really exist anymore.

Protective's custom UL is probably the closest that you'll find with a level premium and a death benefit that decreases over time.

You could also use Banner and just ladder the coverage. For instance, if someone has a 1m 30 year mortgage, you could do 200k 30yr term with term riders of 200k for 25, 20, 15, 10.

That way your DB would go 1m, 800, 600, 400, 200 over time. It would be less expensive than just buying 1m of 30 year term.

Those are the two strategies I use for a decreasing obligation.

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