What is 10 Year Term Insurance?

A 10 year life insurance policy is life insurance for a period of 10 years.

Your coverage lasts for ten years, and if you die during the 10 year period, your beneficiary would receive a death benefit payout from your life insurance policy.

If your 10 year term expires and you are alive, your life insurance coverage ends, unless you renew your policy for another term, at a new premium based on your age at the time of renewal.

10 year level term life insurance has level premiums for a period of ten years, and the amount of life insurance provided by your policy remains the same each year for the entire ten year period.

Here's how to compare 10 year term insurance quotes from leading insurance carriers.