Level Cost of Insurance Premiums

Level cost of insurance refers to insurance premiums on a life insurance policy remaining the same through the duration of the insurance contract. With level cost of insurance, individuals tend pay a higher amount of premium at the early stages of coverage to offset the higher costs associated with aging. 

With this type of insurance coverage premiums are guaranteed not to increase unlike other types of insurance policies. 

Level cost of insurance is available on many life insurance products and critical illness policies available for insurance companies. 

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