shopify analytics ecommerce
tracking

10 Year Term Life Insurance Policy

10 Year Term Insurance Explained

The 10 year term life insurance policy would fit your need perfectly if you are in the market for inexpensive life insurance.

This is life insurance in its simplest form. The 10 year term life insurance policy contains a guaranteed death benefit from the outset and a guaranteed level premium.

After the initial 10 years some life insurance companies allow you to renew the policy for an additional 10 years at an increased premium. This 10 year term policy provides you with ample insurance for small outlay over a fairly short period of time.


There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Top Quality Quotes and Save up to 70%! The process is fast, easy and FREE. Click Here To Get Started


10 Year Term Life Insurance Policy Provisions

  • Policy Death Benefit

    If you are the proud owner of a 10 year term life policy and if you should die within 10 years of your ownership of this policy the full face amount is paid to your beneficiary, either in a lump sum or in the form of a monthly income.

    The monthly income may take one of several different income options. You may choose to take a life income with no certain period.

    After the beneficiary begins receiving the income if s/he should die suddenly that would be the end of the income. No one would get anything more from that 10 year term policy.

    It does not matter if the income is paid only for one month. There are other options that would assure you, however, that your beneficiaries would receive more of a pay out.

    You could choose to pay them a life income for a 10 or 20 year certain period. This would guarantee that the income is paid for 10 or 20 years respectively.

    You could choose a fixed period option which would guarantee that the income is paid out for a fixed period, example 20 years or you could use the interest option, which would keep your principal in tact and pay only interest to beneficiaries for a specific period of years. At the end of this period the principal would be paid.
  • Term Insurance Conversion Privilege

    Most term insurance policies have built in a conversion privilege. The 10 year term life insurance policy is no exception. This is because term insurance is temporary insurance and people usually have a need for permanent for life insurance.

    You can convert your policy usually to any permanent policy within a specific period of time. Some companies limit your conversion period to 8 years, whereas others may allow the policy owner the full 10 years.
  • Available Riders To Your Policy

    There are certain riders that you can add to your 10 year term life insurance policy which would tremendously increase it's value to yourself and your beneficiaries. You may add the waiver of premium disability rider.

    If you should become disabled, anytime after 6 months of disability, the life insurance company will pay your premiums for you even if it is for the entire duration of the policy. Now, isn't that just great?

    Another rider that you can add to your 10 year term life insurance policy is the accidental death benefit rider. This is sometimes referred as the double indemnity rider.

    If you should die in an accident the life insurance company will pay double the death benefit to your beneficiaries.
  • Minimums And Maximums

    There are certain minimum and maximum amounts of 10 year term life insurance that insurance companies will be prepared to issue on an applicants life. This may vary by age and medical history.

    Some companies may be prepared to issue between $20,000 and $1,000,000, others may start at 100,000 and go as high as $10,000,000 or $20,000,000.
  • Living Benefit Riders

    The aids virus brought about a fairly new idea which many life insurance companies have adopted. Because of a tremendous need for additional cash terminally ill people may sell their policy to investors for a percentage of its value.

    As an alternative you can add a rider to your 10 year term life insurance policy which would allow you to withdraw a portion of your death benefit during your lifetime.

    This is called a living benefit rider. It would serve to ease the pressure on the terminally ill and their families.
  • Spouse And Child Term Riders

    Many insurance companies offer the opportunity for you to add to your 10 year term life insurance policy...a comparatively small term life insurance rider on the life of your spouse and children.

    These riders are usually 5 year term or 10 year term riders which work out to be less expensive than had the policies been bought separately.

That is basically how your 10 year term life insurance policy would work for you.


Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers and Save. Just answer a few quick questions then get your Quotes. The process is easy and FREE. Click Here And Save


Home 10 Year Term Life Insurance Policy Cheap Term Life Insurance Cheap Life Insurance Cheap Term Life Insurance Rate Term Life Insurance Rate Comparison Lapsed Life Insurance Policies Level Term Life Insurance Do You Really Need Life InsuranceLife Insurance Life Insurance Buying Tips Life Insurance Dividends Life Insurance For Small Business Limited Liability Companies Limited Payment Life Insurance Long Term care Long Term Disability Insurance Lost Life Insurance Policy Low Cost Term Life Insurance Mortgage Disability Insurance Mortgage Life Insurance No Exam Life Insurance No Load Life Insurance Old Life Insurance Online Insurance Quotes Online Term Life Insurance Quotes Permanent Life Insurance Options Professional Disability Insurance Retirement Planning Life Insurance Rate Burial Insurance Term Life Insurance Rate Fixed Annuities

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Term Life Insurance Conversion - Term To Permanent Insurance

    A few years ago you purchased your term life insurance policy. You pay a very inexpensive premium. You have recently discovered that a hereditary disease will likely rear its ugly head.

    Read More

  2. Term Insurance Policies Explained - How Term Life Policies Work

    Interested in term insurance policies? Want to know how they work? Take a quick look and see which one best fits your needs. Term insurance is temporary insurance. Term policies, in other words, offer…

    Read More

  3. Term Insurance Details - Term Life Insurance Policies Explained

    Want to know how term insurance works? Want to find out which policy, term or permanent, is best for you? What I want to do here is give you a basic and general outline of term life insurance policies…

    Read More

  4. Term Insurance Quotes - Best Term Life Insurance Quotes

    Term insurance quotes from high level life insurance companies should be the order of the day for anyone seeking life insurance. There are about 2000 life insurance companies willing to sell you a pol…

    Read More

  5. Life Insurance No Exam - Life Insurance Without Physical Exam

    Want to buy some life insurance no exam required? It is much easier to get than most people think. Yes, the life insurance company protects itself but if you give them the facts you will get a good po…

    Read More