Temporary Life Insurance

Term life insurance provides protection for a limited period of time and pays benefits only if you die during the specified term. Generally, the premium (cost) remains level for a period of time (such as ten years).  At the end of each period, the policy renews at a new higher price (cost) and continues to renew in intervals until the end of the policy period.

Benefits of Term Life Insurance

• Protection for a limited period of time
  
• Benefits if you die during the specified time
  
• Cost is less than permanent insurance (in the earlier years)
  
• May provide the right to convert to a permanent policy without evidence of insurability.