What is Term Life Insurance?

Term life insurance is the most cost effective Life Insurance policy. It can help protect your loved ones financially if you pass away unexpectedly.

This designed to be affordable coverage is set for a specified time, generally 10 to 30 years. Term life can help provide peace of mind for your family's financial stability during critical periods of your life, like while raising children or paying a mortgage.

Term life pays if you pass away during the policy term. This payment is known as a death benefit and is paid to your beneficiaries.

There are many applications for this type of policy, like paying off a mortgage in the event of death in case your family has a loss of income for a substantial period of time, paying for children's college expenses, etc. Really it's designed to be a bridge between what your family needs to live on while they work towards replacing your income stream.