Level term life is a type of life insurance policy that provides term (temporary) coverage lasting for a specific period of time, usually up to 30 years.
Level term life is the most popular type of term insurance available.
With level term you pay the same amount (premium) each year for your life insurance policy - the premium remains level for the duration of your coverage.
In addiiton, the amount of life insurance provided by your policy stays the same throughout the term of your policy.
Level term makes it easy to budget for your life insurance, since your premiums will stay the same for the term of your coverage.
If the insured passes away during the policy term, the death benefit is paid out to the beneficiary of the life insurance policy, subject to all terms, conditions and exclusions stated in the life insurance contract.