What is Term Insurance?

Term Life insurance provides temporary protection for a specified number of years. It can be bought for 5, 10, 20 years or more. The policy holder's death must occur during the term of the policy for any death benefit to be paid. There is no permanent value or cash value. The premiums are generally lower than a cash value policy and many companies will not issue a policy to someone over the age of 65.

Renewable Term

Renewable Term allows the policy holder to renew without being denied for risk factors like health or age.

Convertible Term

Convertible Term is the right to convert the policy to a cash value policy without being denied.

Level Term Life Insurance

Level Term Life Insurance is where value remains the same throughout the policy.

Decreasing Term Life Insurance

Decreasing Term where the value of the policy decreases throughout the life of the policy.

Increasing Term Life Insurance

Increasing Term where the policy value increases over the life of the policy.