What is Level Premium Guarantee?
It is the guarantee that your term life insurance premium will not increase (remain level) for the term of your policy. A very important note to visitors of QuoteNavigator.com: Many other term life insurance quotation services will quote non-guaranteed premium policies to their potential clients. With non-guaranteed premium policies, your premiums can be raised after the initial level period, usually 5 years. Don’t be fooled by savings of a few dollars per year, insist upon guaranteed level premiums. The general rule that we recommend is to purchase a term policy that matches the number of years that the coverage is required. If you are protecting the future of your young family then you would consider a twenty or thirty year term life insurance premium guarantee.
