Term Life Insurance

Term life insurance is typically the lowest cost, simplest life insurance that a consumer can purchase. In return for premium payments the insurance company promises to pay a benefit for a determined period of time. This type of policy typically does not accumulate cash value and the insurance company does not owe anything to the policyholder at the end of the term if a claim has not been made.

Our term offerings vary from 10, 15, 20 or 30 year coverage. With our term insurance you have the option to guarantee the monthly premium over the full term of the insurance, combine disability protection, critical illness protection, return of premium, terminal illness benefits, accidental death benefits, and children’s coverage. There are different options of term life insurance and cost varies according to the plan:
  • Level Term - The amount of insurance protection remains level for the duration of the contract.
  • Decreasing Term - The amount of insurance protection decreases over the duration of coverage.
Your Choice
  • Return of Premium Benefit - Receive all the money that you pay for premiums back at the end of the term.
  • Disability Protection - Receive a specified amount of monthly payments in the event of disability.
  • Waiver of Premium Benefit - Your premiums are paid in the event you become disabled.
  • Critical Illness Benefit - You have the option of receiving a lump sum in the event you are diagnosed with a critical illness, such as cancer.
  • Unemployment Benefits - Automatic payment of premiums if you become unemployed.
  • Guaranteed Premiums - The premium amount will not increase, as you grow older.
  • Children's Riders - Our plans can include the coverage of your children, which can be converted for up to five times the insurance amount