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.

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Term Lengths

Term life insurance provides coverage for a set period. This contrasts whole life insurance, which requires scheduled payments your entire life. Basic term life insurance lengths are 10, 20, or 30 years.

Fixed Term

Fixed term is the most popular choice. It’s the most basic version and lasts 10, 20, or 30 years long. The premiums remain static in this plan.

Increasing Term

An increasing term life insurance policy allows you to scale up the value of your death benefit throughout the term. In this route, your premiums slightly increase over time. These types of policies tend to cost more, but they usually deliver a larger payout.

Decreasing Term

On the other hand, decreasing term life insurance reduces the premium payments over time. This can result in a smaller death benefit. This insurance type makes sense for those who predict they will have fewer financial obligations as they age.

Term Life Benefits

A fixed death benefit that pays your beneficiary if you pass away during the term
High coverage amounts relative to the price that may replace your lost income
Premiums will never increase throughout the life of the policy
Option to convert to a permanent plan
A popular choice for those looking to save money upfront