What Is 10 Yr Term Life Insurance? 
Ten year term life insurance is life insurance that typically has the rate locked in for 10 years . Sometimes term policies are only guaranteed for the rate not to go up for part of the term . So do be sure , when you are comparing rates , to be sure that you are comparing policies that have premiums guaranteed not to increase for the entire term . It is a great temptation to buy ten year term life insurance because the premiums are so low compared to premiums for longer terms . However , if you need coverage longer than 10 years , it is usually a better idea to buy a policy with a longer term . Why ? Because , most likely , you are healthier now than you will be in 10 years . And at this time in history , life insurance rates are very low . So locking in historically low rates based on your current good health is almost certain to be a good deal for you for many years to come . 