Term life insurance provides coverage for only a set period of time. It’s often used to address a short-term protection need or as a gateway to permanent insurance, such as whole life insurance. Many term life insurance products allow you to convert to a permanent product, offering lifetime coverage, as your budget permits.
The cost of term life insurance may increase over time, which makes it important to understand your protection needs both short- and long-term so that you purchase the product that is right for you.
Prefer to speak to someone about term life?