Term life insurance is affordable, easy-to-understand life insurance coverage that gives you financial protection for certain period of time. Your insurance costs are guaranteed for a specific period of time (the "term"), until it renews for another term. If you die while the policy is active, a tax-free payment will go to the person or people you name (your "beneficiaries"). And with most term policies, you can also convert your coverage to permanent insurance regardless of any changes to your health, occupation, or lifestyle.
Help safeguard you loved ones by replacing the lost income in case of premature death. You can offer more certainty to your loved ones by helping to provide proper education and future income.
Wide range of products are available to protect you and your business. Term life options can be designed to fit your budget affordably.
Premiums and death benefit are fixed for term length and death benefit is paid tax-free and stays the same for period of coverage.
It helps to keep your home by paying off large expenses like mortgages.
It lets you convert your term insurance to permanent insurance if your needs change without considering your health and financial situations at the time of conversion.
It helps business by providing protection against business loans, key person insurance and fund a buy-sell agreement.