Level term life insurance is term life insurance which guarantees, once coverage is issued, your premiums will remain level for a specified period of time only. Level Term life insurance functions as protection for your family by replacing your income if you were to die while your policy was in force. A level term life insurance policy costs significantly less than permanent life insurance, which offers a lifetime coverage and accrues cash value. Level term life insurance has its benefits, aside from its affordability, it has a guaranteed death benefit to protect your loved ones, and guaranteed continued protection to a certain age (may vary depending on insurer) provided you are current with premiums.
Life Insurance Calculator
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