What is a level term insurance policy?

It's a type of life insurance that provides temporary coverage for a specific period of time, usually form 10 to 30 years.

How does it work? It's simple and affordable. You select a term for your coverage form 10, 15, 20 or 30 years. The term is the duration of your life insurance policy. The longer your term, the higher your annual cost of life insurance.

If you pass away during the term of your policy, the person you choose (your beneficiary) to receive your death benefit, receives the proceeds from your policy.

If you are alive at the end of your policy term, then the life insurance coverage expires with no pay out of a death benefit.

Level term insurance offers the most affordable life insurance available.

Learn more about how level term insurance works.