What Is A 10 Year Life Insurance Policy?
The 10 year term life insurance policy is one of the most easily explained and simplest types of life insurance. This policy has a guaranteed level premium and level death benefit for 10 years. With some insurance companies the insured is allowed to renew the policy every 10 years until approximately the age of 75.
A 10 year term life insurance policy is an excellent choice for high death benefit at a low premium. If you have a need for a large amount of life insurance on a limited budget, the 10 year term life insurance policy is ideal.