How Does Level Term Insurance Work?

A level term insurance policy is life insurance with level premiums each year fir the entire duration of your coverage.

With level term you choose a "term" (duration) for your life insurance. Most insurers offer term life coverage for a term of 10, 15, 20 or 30 years. The longer your term, the higher your annual cost of life insurance.

In addition, the amount of life insurance provided by your policy remains level for the entire duration of your term.

Level term offers the most affordable life insurance protection for a period of 30 years or less.

Learn more about how a level term insurance policy works.