Term Life Insurance is purchased to cover a particular time period, typically 10, 20, or 30 years.   The policy holder pays a set amount each month throughout the term, which makes this policy fit easily into a budget.  Unlike Whole Life, the policy does not build value.  When the term ends, if the policy holder is still alive, no benefit is paid.  This feature means that Term Life Insurance is typically the least expensive life insurance option.

Term Life Insurance policies may be renewable at the end of the term, typically at a higher rate to take in to account the older age of the policy holder.  You may speak to one of our agents about this option and whether purchasing a renewable policy is the right choice for you. .  (see also Term Life Return of Premium)