A 20 year term life insurance plan is life insurance that provides coverage for a period of 20 years.

With 20 year level term insurance you pay the same amount of premium each year for the 20 year term, and the amount of life insurance provided stays the same each year.

If the insured dies during the 20 year term, the death benefit is paid out to the beneficiary.

If the insured person outlives the 20 year term, the life insurance coverage ends.

If you have renewable term life, then you can renew the policy for another 10 year term at expiration, without having to take any health exam, but your rate will be based on your age at renewal.