What Does A Term Life Insurance Mean? 
A Term life insurance policy is one that will have the same premium for a set number of the years in the term . Some Term life insurance will guarantee that the premium will not go up for the entire term ; other Term life insurance will guarantee that the premium can not go up for part of the term . E.g. 30 year Term life may be guaranteed not to go up in price for the full 30 years , or it can be guaranteed not to go up for 20 of the 30 years and `` hope '' that it wo n't go up the last 10 years . Term life insurance does not have any cash value . If you quit paying on Term life , it will end after one month . 