Level Premium Insurance

Definition of "Level premium insurance"

Nahid Kiani-Anaraki
  RE/MAX Platinum Realty

Coverage in which premiums do not increase or decrease for as long as the policy remains in force. In the early years of a policy, the premiums are greater than is necessary to pay mortality costs. The excess is used to build the cash value and to provide for the increasing mortality costs later in the life of the policy.

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