It's a type of temporary life insurance that lasts for a specific number of years, usually 1-30 years.
Level term plans are most commonly available for 10, 15, 20 or 30 years of life insurance protection.
Level term life insurance is the most popular for of term life insurance because it's affordable and offers level premiums and coverage amounts for the duration of your policy.
For example, a 20 year $200,000 level term policy with an annual premium of $250:
This means that you pay $250 each year for 20 years and you have $200,000 of life insurance protection.
If you pass away during the 20 year term, your beneficiary would receive $200,000, which is usually paid out free from federal income tax.
You can compare level term life insurance rates online from quote providers with access to a network of highly-rated life insurance carriers.
Your free life insurance quotes will provide the names and ratings of the insurers quoted, the premiums quoted, and your premium payment options.
Here's how you can learn more and compare instant level term life insurance rates online among several leading life insurance companies in minutes.