Term Life Insurance

Term insurance is a very popular type of life insurance, especially when there is a large amount of insurance needed and it is needed for a specified number of years. Because it is strictly protection with no cash value, it costs less than permanent insurance.


It is commonly used with younger families when the need is great but the ability to pay premiums may be limited. Paying off one’s mortgage, providing income replacement, and ensuring a college education for children are some of the reasons term insurance is used. It can also be used in business insurance situations, such as funding a buy-sell agreement or providing key-man insurance.