It's a term life insurance plan that provides you with life insurance protection for a period of 20 years.
If you pass away during the 20 year term, your beneficiary receives the death benefit from your policy.
If you are still alive after the 20 year period ends, your life insurance coverage expires unless you renew your policy for another term, usually of 10 years.
Term life policies come in terms of 10, 15, 20 or 30 years with level premiums that remain the same each year for the entire duration of your life insurance plan, while the amount of life insurance provided by the policy stays the same.
Many people choose 20 year term life to provide protection for their mortgage and their growing family.
Here's how to shop and compare 20 year term life insurance rates and plans online.