Level Term Life
Term life with premium that stays level for the full term length.
Quick definition: Term life with premium that stays level for the full term length.
Full explanation
Level term life is the standard term life product — the premium remains the same for the entire term length (10/15/20/25/30 years). Compare with annual renewable term (premium increases yearly) or decreasing term (face amount drops over time). Level term is what people typically mean when they say 'term life.' At end of term, the policy expires unless converted (if convertible) or renewed at age-rated rates (typically much higher).
Need help with Level Term Life? Call 256-800-4885 for free guidance from a licensed insurance agent in our nationwide network.