Term Life

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years. If you pass away during the term, your beneficiaries receive a death benefit. If you outlive the policy, there is no payout.

The length of the term should match your financial responsibilities, like your mortgage or your children’s education. Common terms are 20 or 30 years, but it can be tailored to fit your needs.

Yes, term life insurance is typically more affordable than permanent life insurance because it only covers you for a specific term and does not build cash value.

Many term life policies offer a conversion option, allowing you to convert to a permanent life insurance policy without needing a medical exam, though this may depend on the specific policy.

Yes, many term life policies offer the option to renew at the end of the term, although premiums may increase based on your age and health status.