A 15 year term life insurance policy usually has the following features:

  1. A set premium for 15 years.
  2. A set death benefit for 15 years.
  3. No cash value.
  4. Only pays the death benefit if the insured person passes away during the 15 year term of the life insurance policy.

A 15 year term life policy may offer the option of renewing your coverage at the end of the term for an increase in premium.

Here's how you can learn more and compare 15 year term life insurance premiums today.