What Is Level Benefit Term Life Insurance? 
If you have or are considering what you refer to here as a `` level benefit '' term life insurance policy to meet your needs , then it means that for the life of the term the death benefit will not change . This can be different from what are commonly referred to as `` Level Term '' policies in that with those , not only does the death benefit remain the same , but so too does your premium for the specific period of time you are purchasing . Commonly you will find these offered at 10 , 15 , 20 and 30 year terms . Once the policy is in force beyond the level premium term purchased , the premium will then increase each year based upon your attained age . 