What Is 10 Yr Term Life Insurance? 
Unlike Whole Life Insurance , which will last for the rest of your life so long as you pay the premiums or pay them out of accumulated cash value , Term Life Insurance will last only for a specific number of years , regardless of your desire to pay the premium . Many companies will allow you to continue to have the coverage and pay for it , after that number of years , but the premium will rise each year , until it becomes impossible for most folks to pay . With ten year term , the premium is guaranteed for ten years . After that , many companies will continue to take your money and provide coverage , but the cost will escalate . To lock in a fixed premium , you need either Whole or Permanent Life Insurance , or Term Insurance for a very long period , such as 50 years -LRB- few companies offer more than 30 years -RRB- . Thank you . GARY LANE . 