Level Term Insurance

Business / Taxes / Level Term Insurance: With a level term life insurance policy, your annual premium remains the same for the term, which may be as long as 10 or 20 years. The death benefit also remains the same. If the policy is guaranteed renewable, you can extend coverage for an additional term without having to qualify again, though the annual premium will increase because you’re older. Although the cost of insurance in the first few years will probably be higher for a level term than an increasing term policy, the total cost of a level term with the same benefit is usually less. As with all term policies, you don’t build up a cash reserve and your coverage ends at the end of the term or at any time you stop making payments.

Other Words for Insurance

Insurance Verb Synonyms: assurance, surety, indemnity, indemnification, guarantee or guaranty, warranty, bond, security, protection, cover
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Other Words for Level

Level Noun Synonyms: horizontal, prone, supine
Level Verb Synonyms: aim, point, draw a bead, direct, train, focus
Level Adjective Synonyms: even, smooth, plane, uniform, plain, flat, flush, straight, true
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Other Words for Term

Term Adjective Synonyms: sitting, stint, session, course, incumbency, administration
Term Noun Synonyms: name, title, designation, appellation, word, expression, locution, phrase
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Portfolio Insurance

Business / Finance / Portfolio Insurance: A strategy using a leveraged portfolio in the underlying stock to create a synthetic put option. The strategy's goal is to ensure that the value of the portfolio does not fall below a certain level. MORE

Permanent Insurance

Business / Taxes / Permanent Insurance: Permanent insurance is a life insurance policy that provides a death benefit as long as you live, or in some cases until you turn 100, provided you continue to pay the required premiums. With this typ MORE

Participating Life Insurance Policies

Business / Finance / Participating Life Insurance Policies: Life insurance that pays dividends to policyholders depending on the company's success as provided by few claims and profitable underwritings and investments. MORE

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