Level term life insurance is the most popular type of term (temporary) life insurance policy.
Level term policies have fixed premiums for the entire duration of your coverage, usually up to a period of 30 years.
The most commonly purchased type of term insurance is level term life insurance.
With level term plans you choose a term (duration) for your coverage and you pay the same amount of premiums for your policy each year, for the length of your policy term.
Level term insurance usually offers coverage for a duration of 5, 10, 15, 20, 25, or 30 years.
The longer your policy term, the higher your annual cost of life insurance.
Learn more about how fixed premium term insurance works.