This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam real estate exam.

In this episode you will learn:

• The primary differences between Level, Decreasing, and Increasing term insurance.

• Why Decreasing Term is the preferred choice for mortgage protection and amortizing debts.

• How Increasing Term functions as a rider to address inflation and return of premium features.

• Common exam traps regarding level premiums versus changing death benefits.

• A simple mnemonic to categorize term variations based on consumer financial needs.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep