Term Level Life Insurance
What is level term life insurance?
It is basically a life insurance policy that is in effect for a set period of time (usually 10, 20 or 30 years), and the death benefit stays unchanged (level) for that time.
For example, a 20 year level term policy in the amount of $1,000,000.00, will pay the beneficiaries the full million dollars if the insured person dies within twenty years.
If the policy was a decreasing term policy, the amount paid out would decrease with time. As you can imagine a level term policy is the best choice.
Even when compared to whole life insurance, a level term policy is a much better deal because it costs considerably less. Sometimes as much as 6 to 8 times less. Why pay the insurance companies hefty fees to invest money for you, if you can do it yourself and save a bundle for the duration of the policy.
- Understanding a Term Policy
- Life Insurance Over 40
- Life Insurance Over 50
- Life Insurance Over 60 Years Old
- Life Insurance Over Age 65
- Life Insurance Over 70
- Smokers Life Insurance
- Burial Life Insurance
- How to buy life insurance for parents
- What is Final Expense Life Insurance?
- Why new families should get coverage
- Life Insurance for Overweight People
- Tax Benefits
Life Insurance For Medical Conditions:
- The Advantages of Buying Life Insurance When You're Young
- What is Funeral Life Insurance?
- Life Insurance With No Health Questions
- Lying About Tobacco Usage When Buying Life Insurance
- Can the IRS Take Life Insurance Money?
- Getting Life Insurance With Sleep Apnea
- Tips for Getting Life Insurance With a Heart Condition
- Can You Get Life Insurance With High Cholesterol
- What Does It Really Mean to Have High Cholesterol
- Life Insurance for COPD Patients
