Level term life insurance is a type of term life insurance where the policy beneficiaries receive the same death benefit amount, regardless of how far into the term you are when you pass away.
This type of insurance is also sometimes called level benefit term life insurance, since the benefit stays the same throughout the policy’s life. In addition to level benefits, level term life insurance policies also feature level premiums.
Ideal for individuals seeking straightforward protection, level term life insurance is particularly well-suited for those with defined financial obligations like a mortgage, educational expenses or family support needs.