1. 63254 POINTS
    Peggy MacePRO
    CEO and Senior Agent, Outlook Life, Inc, Most of the U.S.
    Life Insurance term length means the number of years that the policy will stay in effect. Usually, the term length is also an indication of how long the policy premium will stay the same price. But some policies guarantee the premium to stay the same (level) for only part of the term.

    E.g. A 20 year Term policy has term length of 20 years. It may or may not be guaranteed not to go up in price for the full 20 years. When the 20 years are done, the policy will end, or the premium will go way up, usually over 10 times higher than it was before.
    Answered on June 19, 2013
  2. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>