Level Term Life Insurance

Level Term Life Insurance provides you with a level premium and a level death benefit during the length of the coverage from the time the policy is put into force until the policy expires.

Example:
You purchase a 20-year level term policy with a face amount of $250,000, your premium payment remains the same for the entire 20 years. If you die during that 20-year period, your beneficiary receives the $250,000 death benefit tax-free. Compare and Save on Term Life Insurance. Get a Free Quote now.

Not all level term life insurance policies are Guaranteed level for the life of the policy. Also, your premiums will increase at the end of the initial level premium term if you renew. If you renew, you may need to prove eligibility for coverage by re-qualifying for the life insurance. If your health has deteriorated you may not be insurable, meaning you may not qualify for insurance.

Non-Guaranteed Level Term provides coverage for a shorter period of time. Generally this coverage is chosen by younger adults or people who have current financial obligations that will not remain after a period of time, such as a home mortgage, a car loan or some other short-term personal financial obligation.

Guaranteed Level Term provides a level premium and a level death benefit throughout the life of the policy. The policy may be converted to permanent life insurance without proof of insurability. However, once the policy expires, for example after the end of the 20 years on the policy, the coverage expires. Shop and Compare Term Life Insurance