Level term life insurance

From Ask in Wiki

Level Term Insurance A type of Term Life policy where the face value remains the same from the effective date until the expiration date.

Types of level term

Common types of level term are:

• yearly- (or annually-) renewable term
• 5-year renewable term
• 10-year term
• 15-year term
• 20-year term
• 25-year term
• 30-year term
• term to a specified age (usually 65)

See also

• Return of Premium