A Ten Year level Term Life Insurance is life insurance that will not go up in price for period of 10 years.

It may have the option to be extended beyond that time, but the premium will be much higher when the 10 year term is complete - this is called renewable term life insurance which allows you to renew your term life policy for an additional 10 year term when the first policy expires.

It does not have any cash value. Some 10 year level Term policies can be converted to a pe...