How much could you save?Get Your Free Quote

20 Year Term Life Insurance

A 20-year term life insurance plan will provide replacement income to the designated beneficiary(ies) should something happen to the policyholder during the 20 years that the policy is in force. Reasons for getting a 20-year policy include:

  • Family Protection. If you have a spouse, children, or aging parents who depend on your income, then a 20-year term life policy will secure their financial future in the event that something happens to you.
  • Funding Buy/Sell Agreements. In the event of a business partner or majority shareholder’s death, a 20-year term life policy can provide the remaining business partners with the funds necessary to buy back the deceased’s stock from his or her heirs.
  • Key Employee Insurance. In the event of a key employee’s death, a 20-year term life policy can help offset the costs associated with that employee’s loss and replacement.

Compare Rates

If you’re looking to compare rates for a 20-year term life insurance policy, here are some facts to consider:

  • Free online quoting engines aren’t always accurate. Several life insurance companies provide instant quotes for 20-year policies through their websites, which can give you an idea of what your rates might look like based on your age, health and lifestyle. But while term life insurance rates are generally low, rates for the same risk category could vary by hundreds of dollars from one company to another.
  • To make sure you’re getting your best rate, you need to shop around. If you’re looking for a true comparison, it pays to skip the dedicated life insurance company quoting services and start with an agency that will impartially shop multiple carriers for your best rates. Can Help

Since 1985, SelectQuote has remained America’s number one independent term life sales agency. Rather than providing you with a rate estimate from just one company, your personal SelectQuote agent will:

  • Shop a select group of highly-rated term life insurance carriers.
  • Provide you with several rates from several different companies.

This comparison shopping of insurance companies allows you to see the savings for yourself, as opposed to just being told that you’re getting a good deal.

Get Started

The online quote form at is a great way to get started for free. Here’s how it works:

  • Answer a few short questions about your lifestyle, medical history, and coverage preferences.
  • A SelectQuote agent will get back to you with a range of competitive prices from several leading life insurance companies.

Learn More

If you don’t feel like talking to an agent, there’s plenty of information on to make you a more informed buyer – and help you get the best plan at the best price for your family’s financial needs. A good place to start is the agent videos page, where actual SelectQuote agents answer frequently asked questions about the life insurance buying process.

Get a Quick Quote.
It's Free and Easy.

Start Here

Get the Facts about
Life Insurance.

Smart Shoppers Choose SelectQuote. Find Out Why