What Is A 5 Year Term Life Insurance? 
5 Year Term Life Insurance is insurance that the premium stays level for a 5 year period and then increases . The policy will renew at a higher premium until it expires at a given age age 85 for example . The premiums are low initially until , the become very high in the later years . Usually , this type of insurance is convertible to a level premium permanent insurance plan until a given age say age 65 . 10 year term life plans have become much more popular than the 5 year plans . An independent insurance broker , representing several companies , can help you find the right policy at the right price . If you have any questions , or feel that I could be of assistance , please do not hesitate to contact me . 