Level Term Life Insurance

Level Term Life Insurance provides temporary coverage for a specified length of time, usually from 1 to 30 years.

The most common terms for coverage are 10 year, 15 year, 20 year and 30 year term life insurance.

Level life insurance offers you premiums and life insurance coverage that stay the same each year for the entire term of your life insurance policy.

For example - You buy a 10 year level term policy with $100,000 of coverage for $350 annual premium.

You would pay $350 each year for 10 years, and if you die during that time, your beneficiary would receive $100,000.

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Benefit of Level Life Insurance

One of the most common worries among people looking for life insurance is the fear that their premiums will increase each year or the annual renewal rate will not be affordable forcing them to cancel their policy.

The fear of the unknown financial cost of a life insurance policy stops many people from getting the benefits of life insurance. What many people don’t know is that there are policies with level premiums.

Level term life insurance allows people to budget for their life insurance without having to worry about changing rates.


How Level Premium Life Insurance Works

Term life insurance is set up so you have life insurance for a specific period of time, usually 10, 15, 20 or 30 years. With a term life insurance policy, you will need to renew the policy at the end of the term if you want to continue coverage.

The benefit of level premium insurance is the policy premium stays the same each year for the entire term of your policy.

For example, if you have a 15-year term level life insurance policy, your premium will never change for 15 years. This way, you know what to expect and will not have to worry about increases you cannot afford.

Once your term is over, you will need to renew, or purchase a new term life insurance policy if you still need life insurance coverage, which means your premiums may be higher than what you paid for your first term policy.

This is especially true if your health has changed which could affect the policy terms. However, you will still be able to continue having life insurance with the peace of mind of level premiums throughout your term life insurance policy.


Level Term Life Insurance Quotes


Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.


Highly Recommended – Haven Life

  • Get up to $1,000,000 of affordable term life insurance today
  • Apply online in under 20 minutes, start coverage today
  • Backed by MassMutual, rated A++ by AM Best


Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.


Highly Recommended – Globe Life Insurance

$1* Buys $100,000 Globe Life Insurance

  • Coverage for Adults or Children

  • No Medical Exam. Just a Few Y/N Health Questions

  • Free Information. No Phone Required. No Waiting

Buy Direct. Monthly Rates as low as $3.49 for Adults/$2.17 for Children.



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