What Is Level Premium Term Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Level premium term life insurance is term life insurance for which the premium is guaranteed not to go up for the entire term. E.g. if you took out a 20 year level term policy for $50/month, the premium in year 19 would still be $50/month. Once the term ends, the premiums jumps up very, very high.
    Answered on June 13, 2013
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