which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death

30-year decreasing term

Explanation:

Life insurance can be regarded as a form of insurance contract that exist between insurance policy holder as well as an insurer, in this case the insurer pledge some payment of amount of money so that he/she can get premium whenever the insured person dies. It should be noted that a 30-year decreasing term life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death

the answerr would be 1

answer; manager working long hours; plz check i believe this is correct good luck;