What Does Coverage Length Mean In Life Insurance? 
The coverage length on a life insurance policy has a bit of a different meaning based on the type of policy . On term life policies the length of coverage refers to the time period that the premiums are level and guaranteed not to increase . For example a 20 year level term 's coverage length is 20 years at a set premium . After the 20 years , the premiums will increase exponentially . The coverage length on a cash value policy is the time period when the policy endows . For example the cash value meets the face amount at a predetermined age the policy endows . The endowment will change if any loans are ever taken against the policy . 