There are several features that are common to most term life insurance policies.

The features of a term life insurance policy may include the following:

  • Term options of 1 to 30 years, usually 10, 15, 20,or 30 year term policies are available.
  • Level or decreasing premiums available depending on the type of term life plan.
  • Level or decreasing life insurance coverage amount depending on the type of term life plan.
  • Some term life insurance policies offer a return of premium if you outlive the policy term.
Level term life insurance plans offer affordable rates, and level coverage for the entire duration of your term. And, the amount of life insurance stays the same for the length of your term.