Protect your family with term life insurance.

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Key Features of Term Life Insurance

Term life insurance is an especially smart and inexpensive way to ensure your loved ones are protected financially. There are a number of benefits to purchasing term life insurance, with some of the most prominent being affordability and simplicity. Learn more about the key features of term life insurance below.

Multiple Term Life Insurance Lengths Available

Term life insurance policies have a start and end date, typically ranging anywhere from 10 to 30 years. When trying to decide how much term life insurance is right for you and your situation, it’s important to consider how much you can afford, who depends on your financial support and what your immediate and future financial needs are. Learn more about the different term lengths to see which might be best for you:

Most Affordable Life Insurance

Term life insurance is one of the most affordable life insurance options, especially when comparing term to whole or permanent life insurance. The cost of term life insurance is determined by a number of factors, including the length of your policy, coverage amount and your age, gender, health and lifestyle at time of purchase.

Pre-Existing Condition Friendly Life Insurance

Our years of experience, proven process and relationships with some of the most trusted insurance companies have been monumental in finding coverage for customers who are having trouble finding coverage elsewhere.

Tax-Free Term Life Insurance

If you should pass away while your term life insurance policy is still active, your beneficiaries will receive the benefit for the full amount of your policy (generally in a lump sum or as an annuity). In most cases, these proceeds are tax-free, but if taken in installments, potential interest could be taxable.

Flexible Term Life Insurance Payment Options

As the policyholder, you have the option to pay a monthly, quarterly, semi-annual or annual premium for the length of your term life insurance policy. Additionally, you can often get a discount for paying annually instead of monthly.

Fixed Term Life Insurance Premiums

Your term life insurance policy remains active for the length of that period as long as you pay your premiums, and typically, your policy will be “guaranteed level,” which means your monthly premium amount never changes.

Let SelectQuote find the right length of term life insurance for you.

The easiest way to figure out what term length is right for you is to work with SelectQuote. We can shop some of the most trusted insurance companies on your behalf, comparing coverage and rate options in just minutes.

We do the shopping. You do the saving.