Life Insurance Learning Center - Term Life Insurance Types

Level Term Life Insurance, Part 2

Examples of these term life insurance policies include one-year term life insurance, five-year term life insurance, ten-year term life insurance, 15-year term life insurance, 20-year term life insurance, etc to term to age 65 nonrenewable term life insurance policies. It might be wise to avoid these types of term life insurance policies. These term life insurance policies may be cheaper, but if there is a sudden change in your health, you won't be able to purchase a new term life insurance policy.

Usually, the premiums stay the same for the duration of these level term life insurance policies. In general, the higher the premium constitutes a longer term.

Level term life insurance can also be made into a level term rider. This is less expensive than the actual term life insurance policy itself.

PREVIOUS...

Back to:
The Learning Center Main Intro
Life Insurance Wiz.com

FREE LIFE INSURANCE QUOTE, CLICK HERE!