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Term life insurance

A quick and affordable way to offer temporary protection for your loved ones in the event of your passing.

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Key Benefits

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Safe

Protect what's at stake in the next 10, 20, 30 years with max coverage.

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Predictable

You have predictable max coverage in the near term to protect your loved ones from unexpected catastrophes.

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Affordable

Get higher coverage for a typically lower price, but remember it's just temporary.

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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

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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.


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FAQs

Can my spouse and I get one policy?

Yes, there are two types of life insurance policies that allow for spouses to purchase a joint life insurance policy: First-to-die: this means that 100% of the life insurance coverage will be paid out to the first spouse that passes away to be given to the second spouse. Typically, first-to-die policies are more expensive than a normal life insurance policy. Since the life insurance company is insuring 2 lives vs. 1. Second-to-die: this means that 100% of your life insurance coverage will be paid out only after both spouses pass away and be given to their beneficiaries. Normally, we recommend that each spouse get their own life insurance policy, that way they can protect each other in the case of a life emergency and maximize their coverage amount overall for what they are paying in premiums.

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.

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.

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More questions? We have answers.

Life insurance can be complicated. Luckily, we're always here to help.

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