Term life insurance
What’s term life insurance?
Term insurance provides a death benefit payment (proceeds to your beneficiaries) if you die during a specified number of years (known as the policy term).
Financial protection for your beneficiaries if something happens to you.
Typically lower cost than permanent life insurance products.
The death benefit to your beneficiaries is generally free of federal income tax.
How does term life insurance work?
You make scheduled annual premium payments.
You're covered for a term
Your coverage lasts a specific number of years, usually between 10 and 30.
If you die while the policy is [in-force], your designated beneficiaries receive the death benefit.
Consider term life insurance if:
- Your family relies on your paycheck.
- You’re a stay-at-home parent who provides child care and other valuable family support.
Ask your insurance professional if life insurance is right for you.