Term Life Insurance – A Peace-of-Mind Solution

Sure, homeowners insurance will fix your roof damage from a storm. But term life insurance may help your family stay under that roof if something happens to you.

If you were to die unexpectedly, could your family meet the mortgage payments on their home? Or would they have to sell it and move away from friends and school?

Term life can provide money to meet their financial needs, including the means to pay off the mortgage if they choose.

Plain and simple coverage

Simply, term life provides protection for a certain period – typically, 10, 20 or 30 years. If you die during that “term,” your loved ones receive the face value of the policy – most often tax-free.

If purchasing term insurance to protect your home, you may want to match the policy’s coverage to your mortgage debt.

Your home is your family’s largest asset – and their largest financial responsibility. Term insurance can give you the assurance they can afford to remain there after you’re gone.

Designed for ease, affordability

Term life may be the simplest and most affordable of life insurance products.

Here’s why:

• You pay only for the protection you choose
• Since it has no cash value, rates are low
• Premiums remain the same during the term
• Coverage stays with you even if you refinance or buy another home
• Your spouse can be protected for an added cost
• Term can be converted to permanent life insurance

Using term insurance to cover the amount of a mortgage is so popular that almost half of all new life insurance policies written today are term.¹

The next step

Learn more about term insurance from your insurance agent or by calling our Consumer Solutions Center at 1-877-245-0761.

Don’t have an agent? Visit our professional locator to find an agent near you.

^{1 U.S. Individual Life Insurance Sales, 2004, LIMRA}

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