What Is Short Term Life Insurance? 
Term life insurance is available in a wide range of coverage periods . The more popular are 10 , 15 , 20 and 30 year term periods often featuring guaranteed level premiums during the full period and conversion provisions -LRB- to permanent coverage -RRB- . You can find a few competitive one year term policies where the premium escalates annually . The guarantees are limited and the cost averages out over 10 years to be similar to 10 year level term . 