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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | 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