Level Term Life Insurance

Level Term Life Insurance is the most common form of term life insurance sold. It is more commonly known as Term Life Insurance. Level term simply means that the face amount of the policy remains constant throughout the duration of the policy. If the policy owner was to pass away 1 day after the policy was issued or 1 day before the policy expires, the death benefit remains the same. Most level term life policies are written for 10, 20, or 30 years and the amount can vary between $5,000 and upwards of $10,000,000. There is also decreasing term and increasing term life insurance available as well. Not only does the death benefit remain constant during the duration of the policy, but so does the premium.

There are a couple of options available to a term policy.