Save up to 70% off Life Insurance!

Male Female

Save up to 70%

off Life Insurance!

Male Female

What is Term Life Insurance?

Term life insurance is insurance purchased to cover a specific period of time or number of years. Essentially temporary insurance, term life insurance will only pay a benefit if the insured dies within the specified time frame. Because term life insurance builds no cash value and does not offer life-long protection, term life premiums are lower than other types of life insurance such as whole life insurance.

After the timeframe specified in a term life insurance policy expires, the policy owner may have the option to purchase continuing coverage at an increased rate. Some policies include a predetermined maximum premium amount which may not be exceeded by the life insurance company.

Term life insurance is often chosen by young families on a budget. With more affordable premiums and the option to insure one’s life during a time it is needed most (while raising children, for example) term life insurance can offer peace of mind to those who cannot afford or do not qualify for whole life insurance.