✅ Pro: Matches your debts—coverage decreases as your mortgage or loan balance goes down over time.
✅ Pro: Premiums are often lower than level-term policies, making it a budget-friendly option for families.
❌ Con: Death benefit shrinks yearly—may not provide enough protection if financial needs increase unexpectedly.
❌ Con: No cash value or flexibility—this policy is strictly for short-term debt coverage.
Great if your goal is debt protection, but not ideal for long-term wealth transfer or estate planning.
