Level Term Life Insurance - Life Insurance EU .com
Level term life insurance is an insurance policy that is fixed for an agreed period of time, meaning that the policy will pay out the agreed amount if you should die within this period but if not then there is no payout at all.
This is the difficult part for most people to understand with level term life insurance and that is that there is no surrender value on the policy so if you stop your payments during the life of the policy then your cover ceases. If you survive the length of your level term life insurance policy then there is no payout.
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