The phrase "guarantee term" refers to a specific period of time during which a guarantee or promise is valid. It means that for that specified duration, something is guaranteed to work or be replaced if it doesn't meet expectations. Full definition
If your cholesterol levels are exceptionally high or if you suffer from other medical conditions, however, you might want to consider applying for guaranteed term life insurance for people with high cholesterol. (spectruminsurancegroup.com)
The main purpose of lifetime guaranteed term insurance is to «lock in» a low guaranteed rate that can never be increased. (keypersoninsurance.com)
After age 50, shorter lengths of guaranteed term tend to save a lot over longer lengths of coverage. (lifeant.com)