Level Term Life Insurance

What Is A 10 Year Level Term Life Insurance?

August 23, 2013

A 10 year Level Term Life Insurance policy refers to a life insurance policy that will not go up in price for 10 years.

It also should have the same face amount of life insurance protection for 10 years.

Without a rider endorsement added to the life insurance policy stating otherwise, after 10 years, either the term life insurance policy coverage will lapse, or the premium will increase to a very high amount and will no longer be guaranteed to remain level each year. So, after ten years, if you kept the coverage, the premiums would be much higher.

Learn more about 10 year term life insurance coverage and how it works.

Posted by hadley hadley. Posted In : Level Term Life Insurance

What Does Guaranteed Level Term Life Insurance Mean?

August 7, 2013

Guaranteed level term life insurance mans that the life insurance rate and premiums you pay are guaranteed to remain level throughout the term of your life insurance policy.

In addition, the amount of life insurance coverage provided by your term life policy will stay level each year throughout the life of your policy.

For example: A 10 year $100,000 level term life insurance policy with $300 annual premium

This means each year you pay $300 of premiums for your life insurance policy. In return, ...
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Posted by hadley hadley. Posted In : Level Term Life Insurance

What Is 20 Year Term Life Insurance?

July 11, 2013

A 20 year term life insurance plan is life insurance that provides coverage for a period of 20 years.

With 20 year level term insurance you pay the same amount of premium each year for the 20 year term, and the amount of life insurance provided stays the same each year.

If the insured dies during the 20 year term, the death benefit is paid out to the beneficiary.

If the insured person outlives the 20 year term, the life insurance coverage ends.

If you have renewable term life, then you can renew ...
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Posted by hadley hadley. Posted In : Level Term Life Insurance

What is a 10 year Level Term Life Insurance?

June 30, 2013

A Ten Year level Term Life Insurance is life insurance that will not go up in price for period of 10 years.

It may have the option to be extended beyond that time, but the premium will be much higher when the 10 year term is complete - this is called renewable term life insurance which allows you to renew your term life policy for an additional 10 year term when the first policy expires.

It does not have any cash value. Some 10 year level Term policies can be converted to a pe...

Posted by hadley hadley. Posted In : Level Term Life Insurance

Is there 40 year term life insurance?

April 26, 2013

Is there a 40 year term life insurance plan available?

Also, what is the longest term for term life insurance policies?

I don't know whether there is a 40 year term life insurance plan. That would depend on the life insurance company and what they offer. Also, your age and health would impact your ability to qualify for term life insurance for that long of a duration.

Usually, life insurance companies offer level term life insurance with terms of 10, 15, 20, 25 or 30 years.

Wit...
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Posted by hadley hadley. Posted In : Level Term Life Insurance