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Life Settlement
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DEFINITION OF LEVEL TERM INSURANCE


A type of term life insurance policy that provides a fixed net death benefit for a period of time during which the premiums payable do not rise (i.e., 5, 10 or 15,20 or 30 years) and the death benefit remains constant over the same period. Term Life Insurance, Increasing Term Policy, Decreasing Term Policy, Convertible Term Insurance

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