The reason to buy a term insurance policy is to provide protection for a specific period of time, usually up to 30 years.
Term insurance offers coverage lasting for a duration (term) of 10, 15 20, 25 or 30 years.
If you have a temporary need for life insurance that will last for 30 years or less, term insurance is a good idea.
Term life offers easy-to-understand life insurance, with flexible terms to meet your specific needs at the lowest price available.
Here are common situation where you may buy term insurance:
- Married and starting a family
- Bought a home
- Need life insurance for. 30 years or less
Here's how to learn more about term insurance and how it works.