| Level term life insurance is a special type of life | | | | want to be paid out, thus making your monthly |
| insurance, with two nuances to make it different to the | | | | payments lower. |
| ordinary insurance type. | | | | Here are a few aspects of this type of insurance. The |
| First the level part - this refers to the payout, which is | | | | higher the payout you are after, the more the policy |
| always the same, no matter when the policy pays out. | | | | will cost you. The longer the period you require insuring |
| Next the term part, this refers to the length of the | | | | for will make your payments higher too. Also your age, |
| policy, which is a fixed term. It could be 5 years, it could | | | | general health and smoking and drinking habits can |
| be 20 years - it depends on your needs. | | | | have a big effect on your monthly repayments. |
| This type of insurance is useful if you don't need | | | | Basically it's all about a healthy lifestyle and a healthy |
| insuring all your life. You might only want to be insured | | | | body. |
| until your children are grown up. When they're working | | | | One last thing to remember before you take out a |
| they will (hopefully) no longer have any need to be | | | | policy - disclose everything to the insurer. If you lie and |
| supported by you. It is also the cheapest type of life | | | | leave something out, you are likely to be in danger of |
| insurance, as you can choose a lower amount you | | | | the insurer not paying out. |