It ensures a dollar amount chosen by you; it accumulates cash values.
Leveled Term Life Insurance
This is a life insurance policy that provides protection and remains unaltered or unchanged for the established term.
- It provides protection at a low cost.
- If your needs vary, many policies allow you to change from a term policy to permanent life insurance.
- A Term policy is a convenient alternative to supplement other insurance coverage for a fixed term, such as: mortgages, university expenses, etc.
- Generally, the benefits received from a life insurance policy are not taxed.