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RESOURCES - Life - TERM
Overview

Term Life is the most simple form of life insurance. The coverage is for a specified time (term) and provides only a death benefit upon maturity.

• Policy does not accumulate cash.
• If the insured dies during the specified period, a death benefit is paid to the beneficiary.
• Premiums generally remain level or increase throughout the specified period.

Potential Advantages

• You can select coverage from 2 to 30 years.
• If your insurance need is projected for a certain time period, you can select the appropriate coverage.

Potential Disadvantages

• Term Life doesn't provide a cash value.
• Term Life doesn't provide permanent life insurance protection and premium costs can rise  substantially as policy renewal or insurability risk rises.

Possible Riders

• Return of Premium
• Living Benefits Rider
• Disability Premium Waiver Rider
• Children’s Term Insurance Rider