How does a level term life insurance work?

jhon paul

Active member
Level term cover is a type of life insurance policy in which the policy term can be decided by the policy holder and the premiums and policy will be same through out the policy If there is no claim made with in the policy term the cover will lapse and there will not be any payout when the policy expires.if the insured passes away during the policy term, a claim will be made, and a lump sum amount cover will be paid to the beneficiaries.