A level term policy, by contrast, increases the premium over the one - year cost of the death benefit and provides level coverage for a set number of years. (pocketsense.com)
Well, in a nutshell, people purchase 30 year term life insurance with level coverage to keep premiums fixed over a 30 year period. (insuranceblogbychris.com)
Term life insurance is much cheaper because it is simply level coverage for a certain amount of time, 10 years, 20 years, 30 years, etc.. (quotacy.com)