Final answer:
Permanent whole life protection with decreasing term insurance is typically found in a universal life insurance policy with a decreasing term rider. This policy provides lifelong coverage with a cash value component and a decreasing death benefit over time.
Step-by-step explanation:
When discussing permanent whole life protection with decreasing term insurance, it is important to recognize that this question pertains to a type of life insurance policy. In the scope of the policies presented, the description best matches what is known as a universal life insurance policy combined with a decreasing term rider. Permanent whole life protection ensures that coverage is provided for the life of the insured, as long as premiums are paid. On the other hand, a decreasing term insurance component means that while the policy is in effect, the death benefit decreases over a specified term, often correlating with a decreasing liability, like a mortgage.
The accumulated cash value is typical of whole life or universal life policies; it grows over time and can be used by the policyholder for various financial needs. This is a separate feature from the decreasing term component, which specifically refers to the death benefit coverage.