Term life insurance is the simplest form of life insurance and generally has the lowest out-of-pocket cost to provide death benefit protection for your loved ones should you die.
Low initial premiums make term insurance a practical alternative to permanent coverage, however, term premiums will eventually increase. If carried on, the annual premiums are likely to exceed the level premiums that could have been had with a permanent policy, without the benefit of building cash values.
With term life insurance, you choose the life insurance protection for a specific period of time. This offers you the flexibility of choosing affordable protection including:
10-year term insurance
15-year term insurance
20-year term insurance