TERM LIFE INSURANCE
Affordable protection for the years your family may need you most.
Term life insurance can provide financial protection for your loved ones for a specific period of time, such as 10, 20, or 30 years.
Whether you're protecting your income, children, mortgage, or family's future, we'll help you understand your options.
Why Consider Term Life Insurance?
Protect Your Family
Life insurance can help replace income and provide financial support for the people who depend on you.
Protect Your Home
Coverage can help your family pay the mortgage or other major financial obligations if you pass away during the term.
Protect Their Future
The death benefit can help beneficiaries with everyday expenses, debts, education, and other financial needs.
How Does Term Life Insurance Work?
1. Choose Your Coverage
Determine how much protection your family may need.
2. Choose Your Term
Depending on the product and eligibility, term coverage may be available for a specified number of years.
3. Pay Your Premium
Premiums are based on factors such as age, health, coverage amount, term length, underwriting, and product.
4. Your Family Is Protected
If the insured dies while eligible coverage is in force, the death benefit is paid to the beneficiary according to the policy terms.
Life Insurance May Be More Than a Death Benefit
Some term life insurance policies may include or offer living benefit riders that allow the insured to access a portion of the death benefit following certain qualifying events.
Depending on the policy, benefits may be available for qualifying:
Terminal Illness
Chronic Illness
Critical Illness
Availability, definitions, qualifications, limitations, and benefits vary by policy and carrier.
Who May Need Term Life Insurance?
Parents
Help protect children who depend on your income.
New Homeowners
Help protect the mortgage and your family's ability to remain in their home.
Married Couples
Help protect your spouse from the financial impact of losing an income.
Growing Families
Add protection as your responsibilities increase.
Business Owners
Coverage may help address certain business protection needs
Imagine This...
A couple buys a home and has two children.
Their lifestyle depends on two incomes.
If one parent unexpectedly passes away, the surviving parent may suddenly face:
Mortgage payments
Childcare
Groceries
Utilities
Debt
Education expenses
Term life insurance can provide a death benefit that helps the surviving family manage financial obligations during an already difficult time.
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Term life insurance provides coverage for a specified period. If the insured dies while eligible coverage is in force, the policy pays the applicable death benefit to the designated beneficiary according to its terms.
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Depending on the product, term policies may offer different coverage periods, such as 10, 20, or 30 years.
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It depends on your income, debts, mortgage, dependents, existing assets, future financial obligations, and goals. A licensed insurance professional can help you evaluate an appropriate amount.
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Cost varies based on factors including age, health, coverage amount, term length, underwriting, and the insurance company.
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Not always. Some products offer accelerated or simplified underwriting that may not require a traditional medical exam, depending on age, health history, coverage amount, and carrier guidelines.
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Some policies offer accelerated death benefit riders for qualifying terminal, chronic, or critical illnesses. Availability and qualifications vary by product and carrier.
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Options depend on the policy. Coverage may end, renew at a different premium, or offer conversion opportunities. Review the specific contract for available options.
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It can be important to evaluate both parents' financial contributions, including income and unpaid responsibilities such as childcare and household management.
Protect What Matters Most.
You don't have to figure out life insurance by yourself.
Speak with a licensed insurance professional, understand your options, and find coverage that fits your needs and budget.