What Terms are available for Level Term Life Insurance?

Level term life insurance is temporary life insurance coverage that provides insurance for a specifics number of years.

Most life insurance carriers that provide level term insurance offer "terms" of 10, 15, 20 and 30 years. Hoeever, some insurers may offer level term coverage for a term of 5 years, or even longer than 30 years, depending on the carrier.

The length of your "term" for level term insurance is the period of time that your premiums remain the same each year.

In addition, the amount of life insurance coverage provided by a level term policy stays the same each year you are insured throughout the life of your "term".

For example, if you buy a $250,000 10 year level term life insurance policy costing $350 per year:

That means you would have $250,000 of life insurance coverage for 10 years, and reach year you would pay $350 for the life insurance protection.

Compared to other life insurance plans, level term offers the most affordable life insurance for up to 30 years of coverage.