Investor Glossary-level term insuranceInvestor Glossary-level term insuranceInvestor Glossary-level term insuranceInvestor Glossary-level term insuranceInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Level Term Insurance

The HTML to link to this page
 

Level term insurance is a type of term life insurance policy that pays a pre-determined death benefit with a face value that remains the same throughout the term of the level term insurance policy. For example, a 10-year, $250,000 level term insurance policy would pay $250,000 upon the policyholder's death anytime during the 10-year term. Level term insurance shouldn't be confused with level premium term life insurance (also called guaranteed rate), which refers to a policy with premiums that remain the same throughout the policy term. Some level term insurance policies are level premium (guaranteed rate); others are not. Some level term insurance policies allow for automatic renewal (without health screening) at the end of the level term insurance policy; others do not. A level term insurance policy may or may not be convertible (meaning that it could be exchanged for a different kind of policy such as whole life). Other types of term life insurance (in addition to level term insurance) include increasing term (not common) and decreasing term (common for covering mortgages and other large debts).



Rate this level term insurance definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: 1035 exchange, phantom income, command economy, diluted share, LIBOR, per diem, ex-dividend date, debt service coverage, cancelled check, Zero Cost Collar, dividends payable, implied volatility, 1031 exchange, labor relations, 144a, covered put, irrevocable trust, class C shares, quality assurance, liquidity ratio, annual return, deferred tax, margin rate, reverse mortgage, deferred revenue, inflation, stock market close, limit order, retained earnings, VIX, current ratio, FTSE, Key Rate Duration, balance sheet, APR, required rate of return, stock split, FICO score, 401a, minority interest, open position, real GDP, option premium, wholly-owned subsidiary, risk management, ex-dividend, in escrow, average price per share, EBITDA


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use