What is term life insurance?

It’s temporary life insurance that is offered for a pre-determined length of time—usually 5, 10, 15, 20, 25, or 30 years. 

A good term life insurance plan will carry level premiums for the entire length of time you have the policy.  There should be no increase or decrease in the amount you pay. 

Term life insurance is the most inexpensive type of life insurance coverage and enables you to purchase hundreds of thousands dollars worth of coverage for a very low premium if you’re healthy. It’s an excellent way to ensure your family will be well cared for if you were to die unexpectedly and you won’t break the bank buying the protection.