What Does The Term Mean In Term Life Insurance? 
The term is the duration of time that the coverage lasts . If you have a 10 year term , that means that the coverage and premium are guaranteed for 10 years . Term insurance comes in 10 , 15 , 20 , 25 and 30 year terms . At the end of the term , you may be able to convert your policy to permanent insurance or continue the insurance , but at a much higher premium . 