Term Life Insurance

Term insurance can help fill the gap between the financial resources your beneficiaries will have after you die and what they will need to live. This product is for you if you're seeking a higher benefit amount.

Some reasons for choosing term life

• Your employer-provided life insurance doesn't provide enough coverage.
• You need coverage for a spouse or domestic partner who is not a wage earner. Both you and your spouse or domestic partner work, and losing their income could create additional financial need.
• You want to lock in your coverage now at a potentially lower rate, with the possible option to convert later to permanent insurance.
• A medical exam may or may not be required.

Term life insurance offers a competitively priced way to get the coverage you may need

• Provides beneficiaries a fixed, cash benefit, which is generally exempt from income taxes.Footnote¹
• Excellent for covering costs and expenses that would pass to your spouse or domestic partner when you die, including mortgages and other outstanding debts, ongoing bills, child care, college tuition and more.
• Initial premiums are generally less expensive than permanent life insurance.
• Generally available with level premium payment periods of 10, 15, 20, or 30 years. Payment period option may be subject to an applicant's age.
• May be convertible to permanent life insurance for longer-lasting coverage.