Financial

Level-Premium Insurance

A term life insurance policy in which the premium remains the same throughout the term. The premium one pays for level-premium insurance is higher than other policies with similar coverage, but the coverage increases over the term of the policy. This means that by the end of the term, the premium is lower than other policies with similar coverage.

Mentioned in

Level Premium

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.