Why people consider term coverage
Term insurance often begins with a lower premium than a comparable amount of permanent insurance, but renewal costs can rise and coverage may end after the selected term.
- Income protection during working years
- A mortgage or other time-limited debt
- Family expenses while dependents are younger
Questions worth asking
Ask whether premiums are level for the full term, what happens at renewal, whether conversion is available, and which exclusions or limitations apply.
Eligibility and price
Approval and rates depend on carrier underwriting. Advertised examples are not offers and may not reflect your actual eligibility.
Product availability, eligibility, features, and rates vary by state, carrier, and individual circumstances. Coverage is not effective until a carrier approves an application and the required premium is paid.