Term life insurance might make sense for those who only need temporary coverage, or have large protection needs but might have budget limitations. Whichever the case, our term products can often be upgraded into permanent products in the future, despite any changes in health.
How does it work?
Term life provides the most insurance coverage for the lowest price. Generally speaking, the shorter the term, the cheaper your rate will be. We typically recommend 20 years for most families, but everyone's needs are unique. Premiums are locked-in based on your current age, and remains the same throughout the specified term period. At the end of the term, coverage ends.
- Guarantees are dependent upon the claims-paying ability of the issuing company.