The Insurance agent then provides the Jacobs with Six different term life insurance quotes for the exact same death benefit amount, $ 500,000 and the exact same term length, 20 years. (wholevstermlifeinsurance.com)
This means that if you don't take any action to withdraw or transfer that money, the account will renew for the same term length at the market rate at the time of renewal. (smartasset.com)