Level Term refers to a type of life insurance policy that provides temporary life insurance for a specific period of time.
Term term means your rate you pay for your life insurance policy will remain "level" for the "term" of your term life insurance policy.
For example, a 10 year level term policy with $100,000 of coverage and an annual premium of $250 means that you will pay $250 per year for ten years, and if you die during the 10 year term, your beneficiary will receive the $100,000 death benefit from your life insurance - subject to any exclusions in your policy.
If you outlive the ten year term, you may choose to renew your policy for one year at a higher premium, or the life insurance coverage expires. Another option may be to apply for a new life insurance policy at that time.
Here's how you can learn more and compare instant level term life insurance rates online today.
Term term means your rate you pay for your life insurance policy will remain "level" for the "term" of your term life insurance policy.
For example, a 10 year level term policy with $100,000 of coverage and an annual premium of $250 means that you will pay $250 per year for ten years, and if you die during the 10 year term, your beneficiary will receive the $100,000 death benefit from your life insurance - subject to any exclusions in your policy.
If you outlive the ten year term, you may choose to renew your policy for one year at a higher premium, or the life insurance coverage expires. Another option may be to apply for a new life insurance policy at that time.
Here's how you can learn more and compare instant level term life insurance rates online today.
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