Term Life Insurance
Term life is life insurance for a specified period, subject to the terms of the policy.
Planning goals
Some people consider term coverage to help protect dependents, address mortgage obligations or replace income during a defined period. Suitability varies from person to person.
Features to compare
- Premiums
- Available term lengths
- Renewal or conversion options
- Underwriting
- Exclusions
- Conditions for payment of the death benefit
Term policies generally do not accumulate cash value.
Things to consider
- Income
- Debts
- Dependents
- Existing coverage
- The length of the need
- Affordability
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Related information
Coverage and eligibility depend on the plan, insurer, state and applicant. This page is general education, not individualized insurance, tax or legal advice.