TERM LIFE INSURANCE QUOTE

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Term Life Insurance

What Is Term Life Insurance?

Term life insurance is a type of life insurance that provides coverage for a specific period, or term. It is one of the simplest and most affordable types of life insurance and can help you protect your family's financial future if you pass away during the term.

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Why Choose Term Life Insurance?

Term life insurance is a cost-effective way to help secure your family’s future. With an affordable and flexible coverage plan, this option provides financial protection for your loved ones for a specified term. It can be a perfect choice for those who:

Don’t want to pay higher premiums for whole life insurance
Want coverage for a specific period of time
Have temporary financial obligations, such as a mortgage or student loans
Are looking for a simple and straightforward insurance option

What Are the Benefits of Term Life Insurance?

Affordability

Term life insurance typically has lower premiums than permanent life insurance, making it more accessible and budget-friendly for many people.

Flexibility

Term life insurance allows you to choose the length and amount of coverage that suits your needs and goals. You can also adjust your coverage as your needs change over time, by converting, renewing, increasing, or decreasing your policy.

Simplicity

Term life insurance is easy to understand and apply for. You only need to answer a few questions about your health and lifestyle, and in some cases, you may not even need a medical exam.

Explore Benefits of Term Life

How Does Term Life Insurance Work?

Decide how much coverage you want and for how long, typically 10 to 30 years.
You’ll pay the same amount throughout the term, based on factors like age, health, and lifestyle at the time you apply.
If you pass away during the term, your beneficiaries get a usually tax-free death benefit. If you outlive the term, coverage ends unless you renew, convert, or buy a new policy.

Learn More About How Term Life Works

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Types of Term Life Insurance

There are two basic categories of term life insurance: guaranteed level and renewable/convertible. These categories are not mutually exclusive.

Guaranteed Level Term Life Insurance

A guaranteed level term policy is a popular choice because the premium stays the same for the entire policy length. With no price increases during this term, it offers an economical way to purchase life insurance. When the term is over, coverage ends. A guaranteed death benefit with level premiums make this a good option.

Renewable & Convertible Term Life Insurance

A renewable policy can be renewed annually and premium will gradually increase over time. No additional underwriting is required as long as premium payments are up to date. Convertible means you can typically convert your term policy into a whole life insurance policy without any additional underwriting or undergoing another medical exam unless you increase your coverage.

Term Life Insurance Products Designed Just For You

Easy Choice Term Life Insurance

Our simplified issue term life insurance policy can provide you with insurance. You choose the term lengths and face amounts.

Fixed premiums: same amount owed every time a payment is due
Coverage amounts: up to $249,999
Conversion privilege: convert up to $49,999 into a permanent insurance plan
Easy and quick application process: immediate underwriting decisions that do not require medical exam, phone calls or lab tests

Simple Choice Term Life Insurance

Our term life insurance policy can be selected to fit your specific needs. You have the option to choose specified term lengths or the ability to convert the policy to permanent insurance when you're ready.

Fixed premiums: same amount owed every time payment is due
Level death benefit: remains the same throughout the policy's lifetime
Conversion privileges: ability to change policy to a permanent policy¹
Specific time period: coverage provided for 10, 15, 20 or 30 years

What Affects the Cost of a Term Life Insurance Policy?

The cost of a term life insurance policy depends on a number of factors. Here are some examples:

The length of the term: Longer terms are typically more expensive than shorter ones.
Your age when applying: Life insurance usually gets more expensive as you get older.
Health issues or dangerous hobbies: These could increase the cost or even render you uninsurable.
The size of the policy value: Policies with higher pay out values are usually more expensive.
Extra benefits: Known as life insurance riders, these extra coverage add-ons tend to increase the cost.

How Much Life Insurance Do You Need?

Life insurance can be an important element of your overall financial strategy. Answer a few questions about your life situation to estimate how much coverage you might need.

Calculate My Needs

Importance of an Insurer's Financial Strength

Selecting an insurer with robust financial strength is vital, as it guarantees that the issuing insurance company is reliable and can fulfill its financial obligations, such as paying out claims. It is always recommended to review an insurer’s financial strength rating before purchasing a policy to ensure the company’s stability and trustworthiness.

With our financial ratings and a heritage of financial strength, Western & Southern has become one of the strongest life insurance groups, offering you stability you can count on. Western & Southern Life, a member of Western & Southern Financial Group, has knowledgeable financial representatives available to help you with your insurance needs.

Financial Strength

Longevity & Stability

Financial Ratings

Frequently Asked Questions

You may want to start by deciding if you want insurance coverage for your entire life (permanent life) or for a limited time period (term life). If you choose term life, consider the appropriate term for your financial situation. Perhaps you want to have coverage until your home mortgage is paid off 20 years from now or until your youngest child turns 21 in another 15 years.

At the end of the term, your life insurance coverage will end. However, you may have options to continue your life insurance. First, some policies let you convert term life insurance into permanent life insurance. You may also be able to renew your policy for another term. Since you're renewing at an older age, your premiums may be higher after the extension, and you might need to go through additional underwriting.

When you sign up for term life insurance, your policy will have a death benefit. While you're alive, the policy will not pay you anything. If you die during the covered term, the life insurance company will pay your beneficiaries the entire death benefit in one lump sum or in monthly payments outlined in your policy as long as it wasn't an excluded cause of death and premiums are paid.

No, you cannot cash out a term life policy while you're still alive. It only pays out a death benefit to your beneficiaries if you die while insured.

IMPORTANT DISCLOSURES

¹ Term Life Insurance from Fabric by Gerber Life, a member of the Western & Southern Financial Group Family of Companies. https://www.westernsouthern.com/about/family-of-companies.

These policies and benefits may not be available in all states, and benefits may vary by state.

Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

Life insurance policies contain certain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact a financial representative for complete details.