What Does Life Insurance Term Length Mean? 
Life Insurance term length means the number of years that the policy will stay in effect . Usually , the term length is also an indication of how long the policy premium will stay the same price . But some policies guarantee the premium to stay the same -LRB- level -RRB- for only part of the term . E.g. . A 20 year Term policy has term length of 20 years . It may or may not be guaranteed not to go up in price for the full 20 years . When the 20 years are done , the policy will end , or the premium will go way up , usually over 10 times higher than it was before . 