1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Term life insurance will usually provide coverage as long as premiums are being paid. Most Term policies are annually renewable after the years of the term end. The prices are very high, but if you choose to pay them, you will still have coverage.

    If your policy does not offer that provision, your policy will end when the years of the term have passed. E.g. If you took out a 20 year Term policy, it will end when the 20 years have passed. Again. you must have paid premiums the entire time for the policy to stay in effect.
    Answered on July 1, 2013
  2. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Term life insurance is in force for the contractual guaranteed period. Most term life insurance can be purchased in five year increments like 5, 10, 15, 20 and 30 years. There are a few term life insurance companies the offer a customization option like 17 years instead of the traditional 15 or 20 year guaranteed periods.
     
    Answered on July 1, 2013
  3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>