U.S. Chamber of Commerce
U.S. Chamber of Commerce

Level term


Term Policies: Level Term
Description Premiums Cash Value Advantages Disadvantages Uses
Pure protection for term of years (3, 5, 10, 20 years, etc.) Level throughout term; Policy may have guaranteed insurability for protection beyond end of term None Low cost, level premium for term; Savings over cash value policy may be invested in a "side fund" May lose coverage at end of term if not guaranteed renewable; No forced savings element Large need for medium to long term; Individuals with discipline to invest savings over cash value in a "side fund"

Disclaimer: The material on this site is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Full Disclaimer

Small Business Library

Documents and Forms

Small Business Toolkits

Printing & Shipping

Business Services Directory

The U.S. Chamber’s Small Business Connections directory puts you in touch with leading companies that provide services for businesses like yours.

 
Urge your members of Congress to support the
U.S.-Colombia Trade Promotion Agreement.


A Growth and Prosperity Agenda for America

From the Magazine

From the Blog
 
      
Copyright © 2008 U.S. Chamber of Commerce 1615 H St NW Washington DC 20062-2000 All Rights Reserved
Advancing human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility.
FedEx Monster Yellow