What Does Term Life Mean On Life Insurance? 
Term Life means life insurance that will end after a certain term , or number of years . E.g. 20 year Term will end after 20 years . It is assumed that the price will stay the same for the entire term , but not every policy 's price is guaranteed to stay the same -LRB- level -RRB- for the entire term . So look at that feature when you pick out your Term policy . Also , Term life does not usually just end when the term ends ; it usually jumps way up in price and then can go up every year after that . If you need to keep the policy for a short time after the term ends , it is possible , but not economically feasible for most people to keep up for very long . When the term ends , most people buy a new policy , if they are able to qualify for one at that time . 