See what term life insurance can offer
How does term life insurance work?
Select the duration of your coverage
Decide the number of years your financial needs will be greatest (for example, when your kids are younger or while you’re paying a mortgage).
Determine how much you need
Think about how much your loved ones may need to replace your income. This can be accomplished using a needs analysis calculator.
With a term life insurance policy, you pay fixed premiums for the term you’ve selected to be covered. Your monthly payments will stay the same throughout your premium period. If something were to happen to you, whoever you choose as your beneficiary will receive the tax-free death benefit.
In order to receive a policy, you may need to complete a life insurance medical exam so that your insurer can get an idea of how healthy you are.
How much does term life insurance cost?
The monthly cost for term life insurance will vary based on your specific situation. For example, the younger you are, typically the lower your premium will be as you are less likely to pass away before your term ends. Women also tend to pay less because on average they live longer than men. How healthy you are is also a factor in your cost.
Example: A nonsmoking female in excellent health buying a $350,000 20-year term policy would pay:
Use our quick quote tool to see what it would cost you.
Benefits of term life insurance
Protection for the period of time you want: Term life insurance is available in 10-year, 15-year, 20-year or 30-year terms and is renewable each year until age 95. It can be converted to a permanent life insurance policy during the term period (up to age 65).
Affordable coverage that won’t increase over time: Your premium payments are guaranteed to stay the same for the duration of the term you select.
Income tax-free payout: The payout your beneficiary receives if you pass away during the coverage period is typically income tax-free and has a steady value throughout the life of your policy.
Get the term life insurance protection your loved ones need.