Benefits. Simplified.

Term life insurance is a type of life insurance policy that provides financial protection for a specific period of time, or "term", that typically ranges from 10 to 30 years. Term life insurance offers a cost-effective way to provide financial security for your loved ones.

• Provides a death benefit to beneficiaries if the policyholder dies during the specified term
• More affordable than permanent life insurance
• Premiums remain level (unchanged) during the selected term
• No cash value accumulation
• Expires at the end of the term if not renewed

• You choose a coverage amount (e.g., $250,000, $500,000, or more)
• Select a term length that matches your financial obligations
• Pay regular monthly or annual premiums
• If you die during the term, your beneficiaries receive the full death benefit
• If you outlive the term, the coverage ends (unless renewed)

• Young families
• People with mortgages or dependent children
• Those seeking affordable, temporary financial protection for 10-30 years
• Individuals wanting pure insurance coverage without investment components

Coverage amount: Determine how much life insurance you need based on your financial obligations and goals. Common methods include:

• Multiplying your annual income by 10-15
• Using the DIME formula (Debt, Income, Mortgage, Education)
• Calculating your Human Life Value based on future earnings potential

Term length: Choose a policy duration that aligns with your specific needs, typically ranging from 10 to 30 years.

Age and health: Younger and healthier individuals generally receive lower premiums.

Lifestyle factors: Tobacco use and high-risk occupations or hobbies may affect your rates.

Family medical history: Your family's health background can influence your premium costs.

Financial situation: Consider your current assets, debts, and future financial obligations.

Use the Life Insurance Needs Calculator to help you determine coverage amounts.