What are Level Premiums?
If you have Life Insurance with level premiums, it means that your premiums will not increase as you age. The only increase in premiums will be for adjustments to guard against inflation, or changes in the insurer’s underlying premium rates. While it may be reassuring to know that your premiums will not increase with age, Life Insurance with level premiums will initially be more expensive than insurance with stepped premiums.
NobleOak® Life Insurance products are only available with stepped premiums. This means your premiums increasing as you age and your risk profile changes.