Affordable Life Insurance Protection for Your Family
What is Level Term Life Insurance Coverage?
Level term insurance is a type of temporary life insurance coverage that provides you with premiums that never increase during the term of your policy, and a coverage that never decreases during the life of your policy.
How Does Level Term Life Insurance Work?
With level term policies you select an Amount of life insurance coverage you need and a Policy Term.
The Policy Term is the period of time you will have life insurance protection.
You pay your premiums monthly (or quarterly, semi-annual, or annual) to the insurance company. In return, they provide you with the life insurance coverage.
Should you (the insured person) die during the policy term, while your insurance coverage is In Force, the death benefit is paid out to your beneficiary, which you choose when you apply for your policy. The death benefits are usually paid out free from federal income tax.
If you outlive the duration of your level term policy, your life insurance coverage expires, your policy ends, with no payout of any benefits.
How Long Does Level Term Last?
Level term insurance policies offer you the option of choosing a Policy Term that will provide you with coverage lasting up to 40 years. However, your approval for a policy will depend on your age and health, among other risk factors.
Usually, you can choose a duration (term) of 10, 15, 20, 25, or 30 years. Some insurers offer level term policies for a period of 35 or 40 years.
How to Save Money on Level Term Policies?
How to Compare Prices for Level Term Insurance?
It’s quick and easy for you to compare prices on life insurance plans.
You just click on the link below, fill out a short Quote Request Form, click on the button at the bottom of the form, and instantly you will see on your screen the lowest prices available for life insurance from several of the leading insurance companies.
Comparing prices from several insurers may help you save some money on your level 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.