I need life insurance guaranteed to last 20 years. 20 year life insurance.
If you’re looking for a 20 year guaranteed life policy you’ll want to consider 20 year level term life insurance protection.
With guaranteed level term insurance you have the same amount of life insurance each year for a duration of 20 years, and the price you pay (premiums) each year remains level so you can budget for the cost of your life insurance policy and the premiums won’t increase while you are covered.
There are also guaranteed issue life insurance plans with no exam and no health questions asked that provides whole life insurance protection for people ages 45 to 85.
Learn more about 20 year guaranteed life insurance policies and your options for coverage.
Great life insurance quotes
A twenty year term life insurance policy is a life insurance policy will remain in effect for twenty years from the issue date of the policy if the insured does not pass away before the end of the twenty year term.
Term life insurance policies are typically lower cost than other types of life insurance policies, such as, permanent life insurance, but are only active for a set period of time.
Term life provides temporary life insurance for a specific term, usually 10, 15, 20 or 30 years.
If the insured dies during the term, the death benefit is paid out to the beneficiary.
If the insured outlives the term, the life insurance expires, unless it is a renewable term life policy, in which case, the insured may choose to renew the policy for another term (usually 10 years).
The rate at renewal is based on the insured’s age, and a physical is not required to renew the policy.
Learn more about how a 20 year term life insurance policy works.