Term Insurance

Term life insurance provides coverage for a specified amount of time, or a term. The length of your policy’s term depends on the life insurance product you select. i.e. 10, 15, 20 or 30 years.

Is term life insurance right for you? You may want to consider the following things before purchasing term insurance.

  • The death benefit for a term life insurance policy is only paid if you die during the term of coverage.
  • It generally only provides a death benefit and has no cash value.
  • Term insurance is usually the least expensive life insurance.
  • Generally, you can covert term insurance to permanent insurance with proof of insurability.


  • Term insurance solves a temporary need, such as mortgages and college tuition.
  • Term insurance is also less expensive


  • Term insurance policies do not accumulate cash value