Is Term Life Insurance Guaranteed? 
Term life insurance can have a couple of different guarantees . The first guarantee is the premiums are guaranteed level for the term purchased . For example , a 20 year term life insurance policy has guaranteed level premiums for 20 years regardless of change in health , location or occupation . The second type of guarantee is the renewability of the term policy . You may purchase the above mentioned 20 year term policy with level premiums for 20 years , but the policy may be guaranteed until age 85 , of course for a much higher premium . 