What is Level Term Insurance?

Level term insurance is temporary life insurance that lasts for a period of 30 years or less.

With level term you choose the duration (term) of your life insurance policy.

Most carriers offer level term life insurance for a term of 10, 15, 20 or 30 years.

If you pass away during the term of your life insurance, your beneficiary receives the death benefit from your policy.

If you outlive the term of your life insurance, then your coverage expires with no payout.

Level term provides a coverage amount that remains level for the term of your policy, and the amount of premium you pay remains the same each year you are insured.

Learn more about how level term insurance works.