Term Life Insurance

Term life insurance is the most basic of life insurance options. For a specified premium, you receive a contract to pay a death benefit to your beneficiary in the event of your death during a specified period, or term. Most term insurance has a convertibility option, allowing you to convert a term contract to permanent insurance during the specified premium payment period.

Common term life insurance options include:

• 10-year term
• 15-year term
• 20-year term
• 30-year term
• Annual renewable term
• Customized year term
• Return of premium term