Among the leading types of term life insurance plans are the following:
Level Term - Your life insurance premium remains the same each year and the amount of coverage never decreases throughout the entire policy term of 10, 15, 20, 25, 30, 35 or 40 years.
Decreasing Term - Your premiums remain the same each year while the amount of life insurance decreases each year throughout the life of your policy.
Annual Renewable Term - At the end of policy term you may renew your policy for an additional year at an increased premium.
The most popular type of term life policy is level term life insurance that offers the most affordable rates, and level premiums for up to 40 years.
Learn more about the different types of term life insurance policies.