You can have a term life insurance policy for as long as you want.
There is a term life plans available for a term of 10, 15, 20 or 30 years and when one term expires you can renew your policy, the only thing is that you don't get
cash accumulation inside the policy over time, meaning you cannot take a loan out of a term life policy.
If you have a 20 year term policy for example and you renew your policy when the 20 years ends, you will have an annual renewable term life policy and your new rate will depend on your age at renewal of your policy.The rate will increase each year upon the first renewal of your term life insurance.
Some term life insurance policies past up to age 85, but the rate will only be guaranteed to remain level for the first 10, 15, 20 or 30 years of your term life policy.
Request your free term life insurance quotes online today.
