Life Insurance

A level term life insurance policy provides coverage for a fixed period of time, typically ten, twenty, or thirty years. The policy’s death benefit and premium remain the same throughout the coverage period. If the policyholder passes away during the coverage period, the beneficiaries will receive the death benefit tax-free. However, if the policyholder outlives the term, the coverage terminates, and no payout is made. Level term life insurance is an affordable and straightforward form of protection, making it an appealing option for many people seeking to safeguard their families’ financial security.