Guaranteed level term life insurance is life insurance that is guaranteed not to go up in price, or down in death benefit, for the entire term of your life insurance policy.

For example, if you took out a guaranteed level term life insurance policy of $1,000,000 for a 26 year term at a rate of $80 per month at age 26, you would be paying the same premium annually at age 55 as you were at age 26.

If you passed away any time during those 30 years, your beneficiary would receive the full $1,000,000 death benefit from your life insurance policy.