Meaning of the word "level term insurance" in English
What does "level term insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
level term insurance
US /ˈlɛvəl tɜrm ɪnˈʃʊrəns/
UK /ˈlɛvəl tɜːm ɪnˈʃʊərəns/
Noun
a type of term life insurance where the death benefit and premiums remain the same throughout the policy's term
Example:
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Many families choose level term insurance for its predictable costs.
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With level term insurance, your monthly payments won't change.