Term life insurance is a good fit for short-term needs or those that have a specific end point. Simply choose a term policy duration to meet those needs – for example, to help ensure your family will be able to pay a 20-year mortgage, you can choose a 20-year term policy. You can choose the length of coverage you need, such as 10, 15, 20, or even 30 years. During this period, called the level-premium period, your premiums are guaranteed not to change. After this period, however, premiums will increase each year until the policy ends (usually at age 95) and may not be guaranteed. All of our term policies offer:
Premiums that are guaranteed to stay the same during the level-premium period.
The option to convert the policy, which means you can convert your term policy to a permanent policy without having to take a new medical exam.