Decreasing Term Plans  ——  The best type of insurance for your mortgage protection

Decreasing Term insurance provides term insurance on a decreasing basis and the protection expires at the end of the term period.  The premium payments remain level, but the death benefit gradually decreases over a set period of time.  This type of insurance is the most effective way to provide protection for your home mortgage.

The American Fraternal Union provides decreasing term coverage for as little as 10 years or a maximum of 30 years.  This coverage can help safeguard your family's financial security by paying for a mortgage balance, personal credit debt, final expenses, family income, or a child's college education.

Waiver Premium may be added to this plan providing additional coverage capability in case of the insured's disability. 

Listed below is the decreasing schedule of death benefit for a $10,000 policy for the 10 through 30 year decreasing term plans. 

The American Fraternal Union also offers the competitive Decreasing Term to Age 70 Plan (DT70).  Benefits of this plan include level premiums, optional Waiver of Premium, issue ages between 0 and 60, and uniform decreases in level of insurance coverage.

All of the American Fraternal Union's Decreasing Term Plans may be converted to any of our whole life policies without evidence of insurability prior to attained age 60.  The death benefit amount of the new policy may not be greater than the death benefit amount of the existing policy.

Let the American Fraternal Union provide the protection for your mortgage that you need and deserve!