Term life
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Term life insurance quotes
Help give a sense of financial stability to your family with a term life insurance policy.
What's term life insurance?
Term life insurance offers affordable coverage for a set period, typically 10 to 30 years, helping to protect your loved ones financially if you pass away. It provides peace of mind during key life stages, such as raising children or paying off a mortgage, ensuring your family’s financial stability.
Term life insurance provides a death benefit to your beneficiaries if you pass away during the policy term.
Who should consider term life insurance?
Term life insurance is a great option if you need coverage for a specific period to help protect your loved ones in the event of your passing. It’s ideal for those with financial obligations who want an affordable and straightforward policy for a set duration.
People looking for term life insurance could include
- Young families
- Homeowners with mortgages
- People with outstanding debts
Term life insurance is typically less expensive than a whole life insurance policy.
What factors determine the cost of a term life insurance policy?
The cost of term life insurance is based on many factors like
- Age of the insured: Younger policyholders generally pay less
- Health conditions: Healthier people tend to have lower costs
- Coverage amounts: Higher benefit amounts can result in higher prices
- Term length: Longer policy terms may cost more
- Lifestyle choices: Habits like smoking, can raise premiums
Is a medical exam required to purchase a term life insurance policy?
Requirements vary by company and policy. At Liberty Mutual, we’ve partnered with TruStageTM, to help make getting life insurance easy!
TruStage offers
- Fast quotes
- Instant decisions
- Rates designed to be affordable
- No requirements for medical exams or intrusive tests (Simplified Issue only)
See how simple life insurance could be by starting your life insurance quote today!
What happens if I outlive the term of my term life insurance policy?
If you live past the term of your term life insurance policy, there are typically no benefits or payouts. The coverage ends and you don’t have it anymore.
That being said, some policies offer options for renew or convert to a different type of policy. Please note, these may have different premiums and terms.
Learn more about your life insurance options.
