Term Life Insurance Benefits

Term Life insurance is the simplest to obtain and most affordable type of life insurance. Term Life insurance is a benefit only type of life insurance policy. In other words, it has no cash value or investment component, as do the various types of Permanent Life insurance.

Key Points

How Long A Term?

Good question. You may think you need life insurance for your entire life, however that is not really true. That is why Term Life insurance is available in so many optional terms. So what is the ideal term? Like most things in insurance, the answer has very much to do with your life circumstances. When deciding on the term for a Term Life insurance policy the first thing to consider is how long do you expect your family members to be dependent on you? So lets say your kids are 3 and 5, you'd want at least a 20 year policy that covers them both until they are at least 23 and reasonably expected to be on their own.  But what if you want to make sure your spouse is covered at least as long as if you lived to be retirement age. In that case, if you are 35 now, that would mean a 30-year term, to take her to when you'd be 65, and so on and so on. Just keep in mind that the older you are when you start your term the more expensive your premiums will be.

Affordable Life Insurance Rates
Are Waiting For You!

Related Information

How Does Term Life Insurance Work?

Find out how term life insurance works and get more information on the different types of term life policies that are available.

Read More

Types of Life Insurance

There are two main types of life insurance: permanent life insurance and term life insurance.

Read More

Checking Out Life Insurance Policies? Here are Your Options

To understand which life insurance policies might be right for you, let's look a little closer at term and permanent life insurance.

Read More

The Pros and Cons of Term Life Insurance vs. Permanent Life Insurance

What’s the difference between term and permanent life insurance, and which is right for you? Read on to find out.

Read More

The Pros and Cons of Whole and Term Life Insurance

Learn the pros and cons of term life insurance and whole life insurance to ensure you choose a policy that works for you.

Read More

Understanding Term and Whole Life Insurance

Term life insurance covers you for a set period of time, while whole life policies last for the rest of your life. Learn more about how these types of plans differ.

Read More

Why Have a Life Insurance Policy?

Find out why it is important for you to have life insurance with these 7 simple reasons. Help protect your family from financial instability after you're gone.

Read More

How Do Insurance Companies Define Whole Life Insurance?

Whole life insurance is a type of permanent life insurance that remains in effect for the policyholder's entire life, as long as the premiums are paid.

Read More

What's the Right Term Life Insurance Plan for You?

Learn more about term life insurance to decide if it is the right life insurance option for you.

Read More