Abstract: We investigate a simple realistic grand unified theory based on the SU(5) gauge symmetry, which predicts an upper bound on the proton decay lifetime for the channels p -> K+(nu) over bar and p -> pi(+)(nu) over bar, i.e., tau (p -> K+(nu) over bar) less than or similar to 3.4 x 10(35) and tau(p -> pi(+)(nu) over bar) less than or similar to 1.7 x 10(34) years, respectively. In this context, the neutrino masses are generated through the type I and type III seesaw mechanisms, and one predicts that the field responsible for type III seesaw must be light with a mass below 500 TeV. We discuss the testability of this theory at current and future proton decay experiments.