Premiums and death benefit remain level throughout the term insurance period.
Life insurance policy whose face value does not change but whose premiums gradually rise over time.
Life insurance for a fixed period of time or until a specified date. This is usually expressed in years or to a certain age. At the end of the term the policy will normally cease without value. Some companies provide the facility for the sum assured to keep pace with inflation (indexed) by an automatic increase each year without the need for further evidence of health. The premium will also increase.
Type of term insurance that provides a death benefit that remains the same during the period specified.
Term life insurance in which the premiums and the amount of insurance protection remain the same over the selected term of the policy.
The coverage remains the same or "level" for a specified time period. The term "level" applies equally to the death benefit and to the premium payment. p 154
Premiums stay the same for the entire term of the insurance.
A type of Term Life Insurance policy where the face value remains the same from the effective date of the policy until the expiration date.
Term insurance in which the face amount and premiums remain the same from the policy issuer date to the date the policy expires.
Term coverage on which the face value and premiums remain unchanged from the date the policy comes into force to the date the policy expires.
A type of term policy where the face amount remains the same from the effective date until the expiration date. For example, the 5, 10, 20, 25 and 30 year terms. However, after the level premium period most policies turn into Annual Renewable Term where the premiums increase annually.
A type of term policy where the face value remains the same from the effective date until the expiration date. See also Term Insurance.
this is term coverage on which the face value remains unchanged from the date the policy comes into force to the date the policy expires.
Level term insurance offers a fixed price and fixed death benefit for a predetermined time period usually 5, 10, 15, 20, 25, or 30 years. To Top
Term Insurance policies where the face value and premiums remain the same for the entire duration of the contract.
A type of insurance policy where the amount of insurance cover provided by the policy remains the same from start to end
A type of term insurance that provides a death benefit that remains the same during the term of coverage.
