Term Life Insurance

Term insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection at a low cost for a specified period of time, such as 10, 15, 20 or 30 years. If you die within the term period, a death benefit is paid to your beneficiary. If you are still living at the end of the term, protection ceases unless the policy is renewed or converted to a "permanent" policy. There is no accumulation value or cash value with term insurance.

Who should consider Term Insurance?

• People who have a need for life insurance protection but have limited budgets
• Businesses wanting to protect other partners or to insure a key person within the business
• Individuals or families with a temporary need for life insurance

What are the Benefits?

• Low Cost life insurance protection
• Premiums are typically Guaranteed to remain level for the initial term
• Face Amount of life insurance is typically Guaranteed for the initial term
• Death Benefits are typically Income Tax Free to your beneficiary
• Conversion privileges allow you to convert to a permanent plan usually during the term
• Term Life is a very effective way to supplement your permanent life insurance policies

* Download our Needs Analysis Questionnaire (PDF)