Term Life Insurance

Term life insurance provides affordable protection for a specific period of time at a scheduled premium level. It is the simplest form of life insurance – you chose the coverage level, a term (number of years) and name a beneficiary (the person you want to receive the benefit if you die).

This type of coverage is best when the life insurance policy is essential, but dollars are limited. It’s a plan that can help protect your family and business by covering expenses, but without breaking the bank.

Term life insurance covers a well-defined period of time, so what happens if you outlive your term policy? You can renew your coverage, often at a higher premium, without having to provide evidence of good health. You can also convert your term plan to a permanent life insurance policy, which will build cash value.