20 year level term is the premium locked in?
When you buy a 20 year level term policy, is your premium guaranteed to stay the same each year?Yes, that's what a 20 year level term policy means.With a 20 year level term insurance plan your life insurance premiums and coverage remain the same each year for the entire 20 year term of your policy.If you outlive the 20 year term, your life insurance coverage expires, unless you have the option to