A policy for which the premiums do not change for the entire duration of the policy. The amount of a level premium is higher than needed for the protection given in the early years of the contract but less than needed for protection in the later years.
Related information about level premium insurance:
- Level-Premium Insurance Definition | Investopedia
A type of term life insurance for which the premiums remain the same throughout the duration of the contract. The premium paid on this type of policy will be ...
- Level-Premium Insurance - Financial Dictionary - The Free Dictionary
A term life insurance policy in which the premium remains the same throughout the term. The premium one pays for level-premium insurance is higher than other ...
- What is level premium insurance? - InvestorWords.com
Definition of level premium insurance: A policy for which the premiums do not change for the entire duration of the policy. The amount of a level premium is ...
- What is Level Premium Insurance? - Investor Glossary
What is Level Premium Insurance? Find out right now with a helpful definition and links related to Level Premium Insurance.
- What is level premium insurance? - BusinessDictionary.com
Definition of level premium insurance: A form of insurance under which the premium does not change throughout the term of the policy. Generally, the majority of ...
- level-premium insurance - Invest Definition
level-premium insurance definition: A type of insurance policy whose premiums do not change during the entire term of the policy. Although the amount of a level ...
- Net Level Premium - Health Insurance
... cost of a life insurance policy from its inception to its maturity date, divided by the number of years the policy is to be in force. See Level Premium Insurance.
- net level premium - Insurance Glossary
net level premium - The pure mortality cost of a life insurance policy from age of entry to maturity date.