20 Year Term Life InsuranceA 20 Year Term Insurance Policy is a type of life insurance coverage that provides protection for a specified period of time, in this instance it would be 20 years. It’s an easy way to provide for your family if you pass away prematurely. In most cases you can qualify for coverage without a medical exam. After 20 years you can choose to renew your term insurance policy at the premium for your age at that time. Your option to renew your policy is usually guaranteed without taking a physical until age 65. Or, you may be able to convert your policy to a whole life insurance policy until age 65. This type of policy can help you provide protection for your family for future long-term expenses. Examples may include your home mortgage and future college tuition for your children. Term Insurance is pure protection. There’s no cash value that builds within the policy. So you get the maximum protection for the lowest cost. With Level Term Life Insurance your rate is guaranteed to remain the same for the entire 20 year period. Your rate won’t increase and your coverage will remain the same for the full twenty years. Top Pick – Efinancial  |