What is level term insurance for seniors?

It's a type of life insurance that provides guaranteed coverage for a set period of time with rates that remain the same for the entire "term" of the policy.

Term life insurance may last for a period of 5, 10, 15, or 20 years for seniors, usually. So, the amount of life insurance you have and the rate you pay will remain level for the entire time (term) of your term life insurance policy.

The longer your term, the higher the rate charged for your life in...
Continue reading ...