Term Insurance is typically offered in 5 year increments within the range shown below:

Term policies come in many varieties as mentioned above. Most life insurance companies that sell term life insurance offer policies that can be a short as 5 years and as long as 30 years. Furthermore, there is added flexibility with these plans and policies that provide renewable term life insurance.  Many consumers choose term insurance as an affordable, efficient and effective way to provide their families with the life insurance coverage security they need. Term life insurance, in this case, is not used as a long term investment vehicle.

Consumers with long term needs should be aware that if they keep a level term Life insurance policy longer than the initial level premium guaranteed period, their premiums will increase substantially or may not renew.