In most cases, inexpensive term life insurance policies that offer guaranteed level rates for the duration of the loan can be purchased to satisfy this requirement. (keypersoninsurance.com)
Also, level term life insurance provides you with guaranteed level rates and coverage amounts for a period of 10, 15, 20 or 30 years. (thecollegeinvestor.com)
The «Term» is the period of time the life insurance provides guaranteed level rates for your coverage. (term-life-online.com)