Definitions for "Level Term Insurance"
A type of Term Life policy where the face value remains the same from the effective date until the expiration date. Life Expectancy: The average number of years of life remaining for persons of a given age according to a particular mortality table.
Term life insurance on which the face value remains unchanged from the date the policy goes into force to the date the policy expires.
A life insurance policy with a fixed face value and increasing premiums.
The simplest type of life insurance. If you die during the time you are covered, it pays out money to your dependants.