noun. The definition of centripetal force is what allows something to move in a curved path by pulling whatever is going around in a circle into the middle of the circle. An example of centripetal force is the rotation of the Earth around the Sun.
Level Term Insurance. A term life insurance policy in which premiums remain the same throughout the term. Most level term policies have lives of 10 or 20 years, but this is not always the case. The distinguishing feature is that both the death benefit and the premium are fixed for the life of the policy.ith a level term life insurance policy, your annual premium remains the same for the term, which may be as long as 10 or 20 years.
The two main types of life insurance are term life insurance, which offers coverage that may be purchased for a specific time period, and permanent life insurance, which offers protection for an entire lifetime. death benefit is the amount paid to the beneficiary at the time of the death of the insured. Face amount. The face amount of the policy is the amount of the death benefit as stated in the policy. This does not include additional amounts that the policy may provide.