Term Life Insurance
Term Life Insurance offers affordable protection when you and your family needs it the most
What a term life insurance policy can offer
Immediate Death Benefit
The death benefit from a term life policy is immediately payable to your loved ones as long as your policy is in force if you die.
Guaranteed Premiums and Guaranteed death benefit
The premium you pay for your coverage and the policy face amount is guaranteed to remain level during your term period.
Convertible
Your term policy can be converted to a permanent form of life insurance if you need the coverage beyond the initial term period.
Length of your policy
Your premiums are based on your age, health and gender. The earlier you start your policy the cheaper your premium will be. You can choose between 5 years to 40 years of coverage. The shorter the term, the cheaper your premium will be.
Tax Free death benefit
The death benefit of a term life insurance policy will be paid to your beneficiaries income tax-free.
Customize your term life insurance with additional riders
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Waiver of Premium
If you become disabled this rider will pay your premiums for you
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Living Benefits Rider
This rider will pay you cash if you suffer a chronic illness, critical illness or become terminally ill.
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Accidental Death Benefit Rider
This rider pays an additional amount if you die as a result of an accident.
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Return of Premium Rider
This rider returns the premiums you have paid for your policy at the end of the term period.
Customize your term life insurance with additional riders
Waiver of Premium
If you become disabled this rider will pay your premiums for you
Living Benefits Rider
This rider will pay you cash if you suffer a chronic illness, critical illness or become terminally ill.
Accidental Death Benefit Rider
This rider pays an additional amount if you die as a result of an accident.
Return of Premium Rider
This rider returns the premiums you have paid for your policy at the end of the term period.
Questions people ask us about Term Life Insurance
Term life insurance is a policy that covers the life of someone for a specific period of time usually between 5 years and 40 years in length. Term life insurance is typically cheaper than permanent life insurance but will end after the chosen time period.
If your chosen time period ends, you can usually keep your policy but the premiums will increase each year. If you have an option to convert your term policy to permanent you will usually need to do that prior to your term period ending.
Yes you can. It is important to review your beneficiaries listed on your policy after all major life changes such as marriage, divorce or the birth of a child.
Types of life insurance we can provide:
| Your payments (premiums) | Payout for loved ones (death benefit) | Builds cash value | Guaranteed cash value growth | Potential earnings (dividends5) | Market growth potential | May go from temporary to permanent | |
|---|---|---|---|---|---|---|---|
| Term Life | Remains level for a period of time you select, then increases over time | ||||||
| Whole Life | Always the same amount | ||||||
| Universal Life | Can be adjusted | In some cases | Guaranteed minimum interest credited | ||||
| Indexed Universal Life | Can be adjusted | Cash value growth subject to market growth |
Wondering What a Term Life Insurance Policy Might Look Like For You?
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