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Life Settlement
Educational Information
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DEFINITION OF LEVEL PREMIUM PERIOD

Generally refers to the length of guaranteed premiums for level term life insurance policies, or the length of the run for an illustration. For example, life insurance companies often provide illustrations showing the premium outlay, net death benefit, and accumulated account values (if applicable) for: maturity, 5, 10, 15, 20, 25, and 30-year periods.

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Related Pages: Level Premium