Term Life Insurance

Term life insurance offers level premiums for a specific period of  time — generally 10, 20, or 30 years. The initial level premium tends to  be lower than comparable permanent coverage. And proceeds may help your  family financially if the unexpected happens when they still have major  expenses.

Generally, the shorter the term, the less expensive term coverage can  be. While premiums remain level for the term period, they will rise if  you decide to continue the coverage beyond the level premium period.