Term life insurance is popular because it’s one of the most affordable ways to help protect your family financially after the loss of a parent or family provider. Term provides coverage for just the number of years you select, so it costs less than other types of life insurance, like Whole Life. Many parents choose Term insurance because they want the most amount of coverage for the lowest cost.

The amount of coverage a senior needs depends on several factors, for example: the amount of debt you may be leaving behind to loved ones, or if you want to  leave behind an inheritance or just cover final expenses. Our Term coverage starts at $100,000, with a maximum of $500,000 available to those 56+.

Absolutely not. With our Family Plan Term Life policy, the amount you agree to pay when your coverage starts stays the same throughout your policy’s term.

At the end of the term, your policy coverage ends. If you decide your family is still in need of coverage, you can renew your policy at the premium rate for your age at that time — with no physical exam, depending on your age and coverage amount. This represents a significant advantage for individuals whose health status may have changed during the policy term. Coverage can continue until age 95 with premiums increasing annually. Also, you can choose to convert your term life policy into a whole life policy within a certain time frame.