Level Term Insurance (Health Care) Law and Legal Definition
Level term insurance is a type of term insurance that provides a face value or death benefit that remains the same from the effective date until the expiration date. In level term insurance the fixed price or fixed death benefit is offered for a predetermined time period such as 5, 10, 15, 20, 25, or 30 years. The sum insured stays the same during this period but the premiums will gradually rise over time.
Legal Definition list
- Level Term Insurance (Health Care)
- Level Premium Life Insurance (Health Care)
- Level Premium (Health Care)
- Level One Services (Health Care)
- Level of Bonded Indebtedness [Education]
- Level Three Services (Health Care)
- Level Two Services (Health Care)
- Level-of-Effort Term Contract
- Leverage
- Leverage Account Equity
- Leverage Commodity
Related Legal Terms
- Accelerated Benefits (Health Care)
- Accelerated Life Insurance Benefits
- Acceptable Level of Academic Standing
- Acceptable Quality Level [Agricultural Marketing Service]
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Accumulation Value (Health Care)
