Term life insurance
A quick and affordable way to offer temporary protection for your loved ones in the event of your passing.
GET A QUOTEKey Benefits
Safe
Protect what's at stake in the next 10, 20, 30 years with max coverage.
Predictable
You have predictable max coverage in the near term to protect your loved ones from unexpected catastrophes.
Affordable
Get higher coverage for a typically lower price, but remember it's just temporary.
Term vs. Permanent
Have a newborn or a mortgage that you need to protect? Term life insurance can offer the most affordable temporary protection for a high coverage amount, while permanent insurance offers lifetime coverage and additional health and savings benefits.
Permanent life insurance
Lifelong coverage
Retirement benefits such as income or cash for health emergencies
More expensive monthly premium
Term life insurance
Cheapest monthly premium
Coverage expires after term period
Premiums double or triple if coverage is renewed
Max coverage for a temporary period of time
We offer term life insurance that provides max coverage for 10, 20, or 30 years allowing you to protect your loved ones from a financial burden in case you pass. The benefits are temporary and don't provide any potential for tax-efficient growth unlike our other products.
FAQs
What is the difference between term and permanent life insurance?
What is the difference between term and permanent life insurance?
Term insurance is a simple life insurance policy that will pay out a death benefit to your beneficiaries if you die within the term period. Otherwise, if nothing happens to you during the term period, the policy expires and typically has no additional value. Term life insurance is simpler and cheaper than permanent life insurance. Permanent life insurance provides lifelong coverage and can include a long term cash accumulation vehicle that can be accessed tax-free by the policyholders while they are alive. Permanent life insurance has a lot more features, including tax deferred cash accumulation and accelerated benefit riders where you can access your coverage amount for severe or long term illnesses or disabilities. Permanent insurance is more expensive than term insurance.
Can I have both term and permanent life insurance?
Can I have both term and permanent life insurance?
Yes. Many of our customers own a combination of term and permanent life insurance for the different purposes that they serve. Term life insurance offers affordable coverage for a period of time when you have high liabilities while permanent insurance offers living benefits such as long term care and tax efficient savings.
More questions? We have answers.
Life insurance can be complicated. Luckily, we're always here to help.