Level Term Insurance is a life insurance protection that remains level for the time period you select; either 10, 15, 20, or 30 years, and once selected cannot be changed. After the term period and you still need protection, the coverage may be renewed yearly up to age 95.

This type is usually availed of by people who feel that they made need coverage only for a certain period, such as small business owners who have short to moderate-term risk to cover. People who are unsure of long-term goals and would like something affordable at this time would be more willing to take this type.