Answer:Level premiums are premiums that remain constant over the course of a policy's term. They do not increase or decrease based on the policyholder's age or other factors. This means that the policyholder pays the same premium amount every year, or every month if the policy is set up with monthly premiums. Level premiums are typically offered in conjunction with level death benefits, which means that the death benefit remains the same throughout the policy's term as well. Level premiums and level death benefits are commonly found in term life insurance policies.
Step-by-step explanation: