Term Life Insurance

Term Life Insurance is the most basic form of life insurance a consumer can purchase. Term life insurance provides affordable protection for a predetermined period of time.  The premium on the policy is often guaranteed at the time the policy is signed.  At the end of the premium guarantee period, usually 5, 10, 20, or 30 years, the policyholder can renew at higher premium levels.

The premiums for term life insurance are usually lower than those of universal life insurance and whole life insurance policies.  The fact that term insurance policies offer lower premiums makes them attractive to individuals looking for temporary life insurance protection, or the most cost-effective insurance policy.