Life insurance protection for a set period of time, usually with fixed terms between 10–30 years.
Why choose Term Life Insurance?
Life can be full of surprises, but some milestones are fixed to the horizon. Things like paying off a mortgage, dependents leaving home, or completing studies can quickly change your financial situation from today. With Term Life Insurance, you get the security of a death benefit for a set period of time to protect your income as long as you need it. And as your circumstances change, you may be able to convert it to a permanent policy for additional protection further along your journey.
Benefits of Term Life Insurance:
Straightforward fixed premium
Often the least expensive option for a given death benefit amount
Certain term life policies can be renewed or even converted to a permanent policy in the future