Term Life
planning

Term life insurance can provide the protection for tomorrow – at an affordable cost today

When the unexpected happens, life insurance can help your loved ones maintain the lifestyle they’re accustomed to. Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

Americans expect life insurance to cost three times more than it does.*

How does term life insurance work?

Under a term life insurance policy, when the insured dies, the beneficiary is paid the specified death benefit amount stated in the policy. This allows you to offer your loved ones a level of comfort in a time of need.
 

The benefits of term life insurance include:
  • Provides maximum benefit for a level premium that is guaranteed for a stated time period
  • Benefit proceeds can be used for needs including loss of income, debts and funeral expenses
  • Supplies a cost-effective option for individuals or families who cannot afford permanent insurance
  • Purchasing term insurance at a younger and healthier age can provide lower premiums and the possibility to convert to a permanent policy at a later time
  • Offers a great solution for those who have a temporary need for life insurance, such as a mortgage or to cover college tuition costs for children should you die

     
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Term Life Products

product

ART, 10, 20, 30

We offer four options for term life insurance:

  • Annual Renewable Term life insurance

  • 10 year term life insurance

  • 20 year term life insurance

  • 30 year term life insurance

Our Annual Renewable Term (ART) policy provides a guaranteed premium renewable each year, typically at increasing premiums. Our 10, 20, and 30 year term policies offer a guaranteed level premium for the specified term period.

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