Everyone needs financial protection. With term life insurance, you can provide for your loved ones even if … well, you’re not there. It’s not easy to think about, but having a well thought out financial plan is a smart move. Term life insurance can be a cost-effective way to cover expenses like debt, college costs or even replace a wage earner’s income, so your loved ones will not be financially burdened.

What is Term Life Insurance?

To help you determine if term life insurance is right for you, consider the following questions. Do you:

Want to assist loved ones with paying funeral costs?
Have mortgage or credit card debt that would burden others?
Worry about leaving unpaid bills, such as medical expenses?
Have household expenses that others would have to pay?
Worry that you have no life insurance whatsoever?

If you answered yes to any of these questions, then a term life insurance policy may be the answer for you. When you buy term insurance, you get to choose how long you need it and how much coverage you want.

With our companies, you can select from 5-, 10-, 15-, 20- or 30-year plans. We offer two term life insurance plans, including an easy-to-purchase option and level term insurance.

Living Benefits – How can you use your life insurance while you’re still alive?

Accelerated Death Benefit (Automatically Included on Many of Our Policies) – Pays out a large portion of your policies death benefit if you are diagnosed with a terminally ill and expected to pass within 24 months.
Waiver Of Premium – With this coverage added to your life policy, insurance companies will normally waive your premium while keeping your policy in force, if you become disabled and meet the qualifications of the waiver.
Children’s Term Rider – Most insurance companies allow you to purchase coverage for children as an add-on to the parent’s term policy. This coverage can usually be added in increments of $1,000 for up to $10,000 in total coverage. This rider will cover all children of the insured up to a certain age and then give the child the option to convert it into their own policy.
Guaranteed Insurability Option – This rider allows the insured to increase the coverage by the amount of the original coverage at certain age limits without having to complete another medical exam or qualify through medical underwriting again.