What Does Level Term Mean In Life Insurance? 
Level term means that the premium and face amount stay level , without any dips or rises , during the time frame specified . E.g. . A $ 100,000 ten year level term policy with a cost of $ 10/mo would keep that same face amount and price for 10 years . When the 10 years end , the price can go way up . Not all level term policies are guaranteed level , so it is important to make sure you are getting the real deal . 