How do I get accepted with flying colors? How to present yourself in the best possible light to the lender

In this section we will explain how lenders rate you and how you can be more appealing to lenders when applying for a mortgage.
   
  Glossary - Insurance
 

1035 Exchange
Accelerated Benefits
Accidental Death Benefit
Actuary
Adjustable Life Insurance
All-risk Coverage Policy
Appraiser
Aviation Insurance
Beneficiary
Blanket Bond
Bodily Injury Coverage
Bounced Check
Builder's Risk Insurance
Business Life Insurance
Cash Reserves
Cash Surrender Value
Cash Values Life Insurance Policy
Casualty Insurance
Catastrophic Coverage
CD
Certificate of Deposit
Coinsurance
Collision Coverage
Combination Plans
Comprehensive Coverage
Contingent Beneficiary
Convention Statement
Conversion Privilege
Convertible Term Insurance
Copay
Cost-of-Living Rider
Credit Insurance
Credit Life Insurance
Crop Insurance
Crop-Revenue Insurance
Death Benefit
Decreasing Term Life
Deductible
Demutualization
Disability Insurance
Dual Life Insurance
Effective Date
Eligibility Requirements
Endowment Insurance
Escrow
Evaluator
Excess Insurance
Excluded Risk
Exclusion
Expatriate Insurance
Experience Rating
Face Amount
Fee For Service
Fidelity Bond
Fixed Annuity
Fixed Benefits
Fixed Dollar Annuity
Fixed Premium
Front-End Load
Full Surrender
Grace Period
Group Certificate
Group Insurance
Guaranteed Interest Contract
Guaranteed Investment Contract
Hazard Insurance
Health Insurance
Health Insurance Portability and Accountability Act
Health Maintenance Organization
Hidden Load
Homeowner's Insurance
Incontestability Clause
Indemnity
Independent Agent
Individual Pension Trust
Insurance
Insurance Agent
Insurance Broker
Insurance Carrier
Insurance Claim
Insurance Company Dividend
Insurance Examiner
Insurance Policy
Insurance Policy Loan
Insurance Policy Savings Element
Insurance Premium
Insured
Insurer
Interest Assumption
Key Person Insurance
Level Premium Insurance
Level Term Insurance
Liability Insurance
Life Expectancy
Life Insurance
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Long-Term Care Insurance
Lump Sum Distribution
Major Medical Insurance
Marine Cargo Insurance
Marine Insurance
Master Policy
Medicaid
Medicare
MedPay
Moral Hazard
Mortality Tables
Mortgage Insurance
Municipal Bond Insurance
Mutual Company
Mutual Life Insurance Company
Named Peril Coverage
No-Fault
Nonparticipating Life Insurance Policy
Nonrenewable Policy
OASDI
Partial Surrender
Participating Guaranteed Investment Contract
Participating Insurance
Penalty
Performance Bond
Periodic Payment Plan
Permanent Life Insurance
Personal Injury Protection
PMI
Policy
Policy Limit
Policy Surrender
Policyholder
Portability
Portfolio Manager
PPO or Preferred Provider Organization
Pre-existing Conditions
Premium
Premium Waiver
Property Damage Coverage
Property Inventory
Qualification Period
Redlining
Reimbursement
Reinstatement
Reinsurance
Renter's Insurance
Replacement Cost Insurance
Reserve Requirement
Rubber Check
Second to Die Insurance
Self Insurance
Settlement
Settlement Options
Single-Premium Life Insurance
Survivorship Insurance
Term Insurance
Term Life Insurance
Title Insurance
Umbrella Liability Insurance
Underinsured
Underwriting
Universal Insurance
Vanishing Premium Insurance Policy
Variable Life Insurance
Variable Universal Life Insurance
Viatical Settlement
Workers Compensation

Decreasing Term Life

This is a type of life insurance for which the benefit decreases each year but the premium remains the same. What this means is that the longer the insured person lives the smaller the death benefit will be.

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