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.
What is a graded death benefit? Depending on the specific life insurance policy you purchase, the full death benefit may not be available until after a specified amount of time. A life insurance policy is said to have a graded death benefit it an increasing amount is available as time goes on. For example, a life insurance policy with a graded death benefit may only offer 25% of the the death the first year, 50% the second year and 75% the 3rd year.