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Level Premium Convertible Term Insurance: 10-20 Year Level Premium

What Is It? Affordability is key. Level Premium Convertible Term Insurance: 10-20 Year Level Premium provides affordable temporary life insurance protection.

With this insurance, you can choose a payment period anywhere from 10 through 20 years. The premiums are guaranteed to remain level for time period selected. Thereafter, the premiums will increase annually.

After the period ends, you can renew your coverage for a higher premium, without having to provide evidence of good health. You can also convert it to a permanent life insurance policy which builds cash value and may earn dividends, if declared (dividends are not guaranteed).

Keep in mind, term insurance is pure insurance protection. It does not build cash value like a permanent or whole life policy.

Is It For Me? Level Term Insurance 10-20 can be appropriate when coverage is needed for a well-defined period of time of more than five years, but less than 20.

Level Term Insurance 10-20 can be the optimal choice when:

  • You need life insurance coverage, but also need to consider your budget
  • You need coverage for certain period of time
  • You want to ensure your family is protected (insurance benefits can help pay a mortgage or fund a child’s education)
  • You want to protect your business (benefits can ensure business continuation by helping to cover business expenses)

Our product factsheet can give you more details.

Please note: In Oregon, The Level Premium Convertible Term policy form number is 210-60.27.