What Does Level Amount Mean?

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What does Level Amount mean? Read on to discover the definition & meaning of the term Level Amount - to help you better understand the language used in insurance policies.

Level Amount

Level Amount

A level amount or flat amount refers to a fee for a product or a service that is not changeable. In terms of insurance, it could either be the fixed price of the premium or the fixed benefit.

We hope the you have a better understanding of the meaning of Level Amount.

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