What Does Level Premium Mean?

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

Level Premium

Level Premium

A level premium policy is a life insurance policy that keeps the same premium rate for the duration of the entire policy. It differs from other types of life insurance policies, which have premiums that rise over the years.

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

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