InsuranceMachine.com - Life Insurance

5 year term life insurance

Level Term Life Insurance

Level term insurance offers term life insurance with premiums that remain level for a certain number of years. Commonly, level term is offered with guaranteed level premiums of 5, 10, 15, and 20 years: Most level term policies are more expensive than YRT in the first few years. However, if you are planning to keep your life insurance for 5, 10, 15, or 20 years, level term will end up being far less expensive than a single Yearly Renewable Term (YRT) policy.

Level term policies are usually renewable after the initial term (5, 10, 15 or 20 years). This means you can renew the coverage at the end of the term if you are willing to pay more premiums. Keep in mind that at the end of your initial term the premiums will have gone up significantly. Some level term policies are not automatically renewable at the end of their term. These policies should generally be avoide... http://for-insurance.ucoz.com/news/5_year_term_life_insurance/2013-06-17-3519