10 year Term Life Insurance is the kind that gives you the most protection for your dollar. The premium will remain level for the full 10 year period. The premium is guaranteed not to increase and the coverage will not decrease during the 10 years. 10 year term insurance does not accumulate cash to pay premiums later when
mortality cost are higher, but does provide a pure guaranteed death benefit for ten years.

After the 10 years pass and the policy period ends, one can usually renew the policy but the premium will be more expensive because of age.

10 Year Term Insurance is usually purchased by folks who are older and do not need the coverage for a longer period of time.

Caution….when purchasing a term life insurance policy,  be careful to purchase a policy for the longest period of time for which it could be needed. Consider things like: your age,  how long until the children will be out of the house and on their own, or how long will a spouse need to have protection, how long will you have a mortgage, etc.