With level term life insurance the cover provided does not change over the duration of the agreed term time of the policy.
Often, the main reason why people purchase level term life insurance policy would be to cover a mortgage (also see mortgage payment protection). This policy will provide you and your family with security should the worst happen and you die. Peace of mind is another reason because you know that your mortgage costs would be paid off if you were to die, so your loved ones are not left to struggle to ensure that all monthly payments are met.
Level term insurance is a great product to have should you need or want any debts paid off if you were to die. Some people have this type of policy to ensure a set amount of money is left to their family should the worst happen.
Also see: Family life insurance