Term Life Insurance

This affordable, simple coverage helps protect your family by replacing your lost income in the event of a death. Term life lasts for a specific amount of time and its payments will never increase. Term insurance is an immediate insurance coverage people put in place to cover them through different milestones of life.

Guaranteed protection, adaptable for your individual needs, temporary coverage that allows you to convert to long-term coverage later.

Term Life Insurance
  • Customized terms usually between 10-40 years.
  • Policy issue ages range 18-80 (varies by carrier, product, term, risk class, state) Benefit amounts range from $25,000 – $1,000,000 plus.
  • Lock in immediate protection while having the ability to convert to permanent protection as you move through the stages of life.
  • Pay off your home in the event of a loss with mortgage protection.

Term Life Riders

A great benefit of Term Life Insurance are the customizable add-ons, called riders. Riders are optional and may require additional premium.
The availability of rider options vary by carrier, product, and state.

Common Rider options can include:

Living Benefits

Can provide benefits should a qualifying terminal, chronic or critical illness or critical injury occur.

Accidental Death & Dismemberment

Adds low-cost accidental death protection and adds to the death benefit in the event death is due to an accidental cause.

Dependent Children’s Rider

Usually covers all unmarried dependent children (age 15 days through 20 years) who are members of the insured’s household and listed in the application. When the coverage on a child expires, many policies allow the child, without evidence of insurability, to convert to a form of permanent life insurance.

Disability Income Rider

Will provide a supplementary income benefit if you were to become totally disabled, as defined under the policy rider.

Term Life FAQs

When you apply for any type of life insurance, you need to answer some basic questions about your health and lifestyle. Most people who are generally healthy will qualify for coverage. You may still qualify for Term Life Insurance if you have some existing health problems, although your premium will likely be higher. We have several carriers that support many common health conditions.

The number one reason for purchasing Term Life Insurance is to provide peace of mind to your loved ones. If you were to die prematurely while the policy was in force, you would leave behind a lump sum of cash for your designated beneficiary. Your beneficiary would then be able to use those funds to pay of any debt they might have acquired or your final expenses.

One of the biggest advantages of Term Life Insurance is its affordability. Term Life Insurance also hold amazing flexibility to the insured: the insured can adjust the policy according to their needs. Term policies in most cases often can be transferred to Whole Life policies and become permanent policies. Other advantages of Term Life Insurance:

  • It can be used to supplement life insurance coverage provided by your employer
  • Policies provide a fixed death benefit for a time that you choose up-front
  • Your policy may include a return of premium option
  • Some policies also offer other coverage options including critical illness and disability insurance protection

There are of course there are many different policies and options, and riders to choose from, this is where a specialist will come into play walking you through the best option considering your financial situation and needs.

Term Life Insurance was designed to fit a tight budget. Term Life Insurance has been created to provide coverage only for a specific amount of time at the lowest possible cost to the insured. The insurance carriers can offer the Term Life product at such a reduced cost because it is for a specific time only. Your specific premium will be based on your age at the time you purchase the policy, as well as on your overall health. Non-smokers in good health will typically pay low premiums.