When entering the housing market for the first time, navigating the various financial protection products can feel overwhelming, particularly when trying to distinguish between mortgage term life insurance and decreasing term life insurance. While both policies are designed to safeguard your home and family from the financial burden of an outstanding debt if you pass away, they function in fundamentally different ways. The primary distinction lies in who owns the policy, who receives the payout, and how the death benefit behaves over the lifespan of the
