Level term life insurance is a policy that provides temporary life insurance coverage lasting for a duration (Policy Term) of 10, 15, 20, 25, 30, 35 or 40 years.
The premiums never increase and the amount of life insurance provided by the policy never decreases during the life of your term life policy.
If you outlive the policy term, the life insurance coverage ends.
If you pass away during the term of your policy, the death benefit is paid out to the beneficiary of your life insurance.
Level term offers more affordable premiums than permanent life insurance plans.
Learn more about level term life insurance policies.
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