How Does Term Life Insurance Work?

Term Life Insurance is the simplest solution to protect you and your family with affordable and flexible policy options.

Simple coverage to meet specific needs
Term insurance provides a stated benefit when you pass away, provided your death occurs within a certain specified time period.

Term life insurance does not provide any benefits in case of disability or accidental injury.

Choose your coverage level
Decide the coverage period and benefit amount you want—10, 20, or 30 years in the amounts $50,000 to $250,000.

Term is often considered the appropriate coverage required for a specific period of time, such as the years until children graduate from college. The benefits can be used to replace income you would have earned to help pay off a mortgage or help maintain your family’s lifestyle, for example. In addition, benefits can help cover funeral expenses.

Provides practical benefits and solutions
Quite simply, term life insurance offers useful coverage for a specific period of time. If you die while your policy is in effect and all of the premiums have been paid, your beneficiaries (your spouse, your children, or anyone you designate) receive the benefit amount you select.