Term Policies & Mortgage Protections.

A term life insurance policy provides coverage for a specific period, usually 10, 20, or 30 years. If the insured person passes away during that time, the policy pays a lump-sum death benefit to the beneficiaries. This money can help replace lost income, pay off debts, or cover everyday expenses, ensuring loved ones remain financially secure.

Term life insurance is one of the most affordable options because it focuses only on protection—there’s no cash value or investment component. Premiums are generally fixed for the chosen term, making it easy to budget. Many people choose term life insurance to cover financial responsibilities that have an end date, such as raising children, paying for college, or paying off a mortgage.

If the insured outlives the term, the policy expires with no payout, unless it includes a renewal or conversion option. Some policies allow conversion to permanent life insurance without another medical exam, which can be helpful if health changes.

Overall, term life insurance is simple, affordable, and effective for temporary coverage needs. It provides peace of mind by ensuring your family is protected financially during your most important years of responsibility, allowing them to maintain stability even if the unexpected occurs.