LEVEL TERM LIFE INSURANCE
Level term life insurance is a death benefit that remains level as well as the premium remaining level for the desired term. Level term policies do not build cash value. There are different terms you can purchase level term life insurance. Level term insurance is great product to protect a debt load for a specified number of years. The length of time available for you to lock in the term of coverage depends on your age. Generally if you are healthy you will be able to purchase life insurance through an insurance agent than by purchasing at the bank or dealership. The different terms you can lock in death benefits and premiums are listed below:
- 5 year level term
- 10 year level term
- 15 year level term
- 20 year level term
- 25 year level term
- 30 year level term
