Term life insurance is the simplest and least expensive form of life insurance. It does not build cash value like permanent life insurance policies do. Term life insurance has one purpose, to protect your spouse or whomever you designate as your beneficiary against the loss of income and final expenses that your death would incur for a specific term or period of time.

Term life insurance is usually available in 5, 10, 15, 20, 25, and 30 year terms. Some term policies are able to be converted into a permanent life insurance policy before the term period is up. Although each families situation is different, for young families with low to moderate income, term insurance will most likely be the best choice for protecting your family against an untimely death.                                                             

 Term Life Does:

• Provide a high level of protection at a lower cost than most permanent policies.
• Some term life insurance policies will convert to a permanent policy before end of term.

Term Life Does Not:

• Provide permanent life insurance protection
• Build cash value