What is NOT true regarding a decreasing term policy?

In a decreasing term policy, the most notable feature is that the face amount of the policy declines over the term of coverage. This means that as time progresses, the value that would be paid out upon the insured's death decreases until it reaches zero at the end of the term.

Regarding premiums, they are typically fixed and remain constant throughout the life of the policy, which means that their amount does not change, making this aspect of the policy true rather than false.

The coverage inevitably expires at the end of the term, reinforcing the concept that such policies are for a specific duration and do not continue indefinitely. Although many decreasing term policies can indeed be renewed, it is common for them to have specific terms that may not include guaranteed renewal options, depending on the insurance provider's policies.

In summary, the statement about the premium amount remaining constant accurately reflects a fundamental aspect of decreasing term policies, contributing to the understanding that the answer indicating it is not true aligns correctly with the definitions and characteristics of such insurance products.