Strong Protection for the Years That Matter Most
Term life insurance can provide affordable financial protection during the years when your family may depend on you most. Get straightforward help choosing a coverage amount and policy term that fit your responsibilities, goals, and budget.
What Is Term Life Insurance?
Term life insurance provides coverage for a defined period, such as 10, 20, or 30 years. If the insured person passes away while the policy is active, the insurer pays the policy’s death benefit to the named beneficiary, subject to the policy’s terms and conditions.
Unlike permanent life insurance, term coverage generally does not build cash value. Its primary purpose is to provide a larger amount of death-benefit protection for a specific period, often at a lower initial cost than permanent coverage.
Term insurance may be worth considering when you want to protect your family while raising children, paying a mortgage, replacing income, building savings, or managing other major financial obligations.
What Can Term Life Insurance Help Protect?
Your Family’s Income
A policy benefit can help your loved ones manage everyday expenses after losing the income or support you provided.
Your Home and Debts
Beneficiaries may use the benefit for mortgage payments, rent, credit obligations, or other household expenses.
Your Family’s Future
Coverage can provide financial support for childcare, education, final expenses, and other plans you want your family to continue.
Life insurance beneficiaries generally decide how to use the policy proceeds based on their needs; possible uses include living expenses, debts, education, and burial costs.
When Term Life Insurance May Make Sense
Term life insurance may be a practical option when you:
- Have children or others who depend on your income
- Recently purchased a home
- Want coverage during your working years
- Have debts that could affect your family
- Need more coverage within a limited budget
- Own a business or have financial obligations tied to it
- Want to supplement life insurance offered through your employer
Employer-provided life insurance can be helpful, but coverage amounts may be limited and coverage often ends when employment ends.
How Term Life Insurance Works
Choose Your Coverage Amount
Start by considering your income, mortgage, debts, final expenses, dependents, savings, and future family needs.
Choose Your Policy Term
Select a coverage period that lines up with the years your financial responsibilities are expected to be greatest.
Name Your Beneficiaries
Choose the person or people who would receive the policy benefit if you pass away while the coverage is active.
Protect the People Counting on You
The right term life policy can provide meaningful protection without adding unnecessary complexity. Let’s review your responsibilities, budget, and coverage goals together.
Insurance availability, premiums, benefits, term lengths, riders, renewal options, and underwriting requirements vary by insurer, state, product, and applicant. Coverage is not effective until approved and issued by the insurance company. Policy terms and conditions control all benefits.