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.
Cash-value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value. How Cash-Value Life Insurance Works. Cash-value life insurance is designed as a permanent form of life insurance that includes a death benefit component and a savings component. Most cash-value life insurance policies require a fixed level premium payment, a portion of which is applied to insurance costs with the balance deposited into a cash-value account.