Which term policy feature ensures the death benefit remains unchanged throughout the term?

Level term insurance is a type of life insurance policy where the death benefit remains fixed and does not change throughout the life of the policy, as long as premiums are paid. This feature provides policyholders with predictability and stability, allowing them to know exactly how much their beneficiaries will receive in the event of their death within the specified term.

In contrast, decreasing term insurance features a death benefit that declines over time, while increasing term insurance allows the death benefit to rise, typically at predetermined intervals. Annually renewable term insurance often comes with premiums that may increase each year but does not guarantee a stable death benefit. Therefore, level term insurance is distinct in that it ensures the death benefit remains unchanged for the duration of the policy, offering peace of mind to the policyholders.