What Does Level Term Life Insurance Mean? 
Level Term Life Insurance is term life insurance that is guaranteed to have the same premium and the same death benefit for a certain number of years . Most level term life insurance comes in terms of 10 , 15 , 20 and 30 years . Rather than having the premium increase each year as you age , the insurance company `` levels '' it out over the entire term , then locks it in so that you can continue paying that same rate even if you have a change of health . 