Top Articles

Finding the Best Life Insurance Policy
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How Much Life Insurance Do I Need?
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Why Do You Need Life Insurance?
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Six Basic Types of Life Insurance
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Learn About Term Life Insurance
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Learn About Life Insurance "Endowment"
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Learn About Whole Life Insurance
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Learn About Variable Life Insurance
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Learn About Universal Life Insurance
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Learn About Variable-Universal Life Insurance
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Term life insurance is death protection for a term of one or more years. Some companies are offering policies with terms up to thirty years. Premiums on term insurance remain level during the life of the policy. Term Life Insurance has no cash value account. Death benefits will be paid only if you die within that term of years. Term insurance generally provides the largest immediate death protection for your premium dollar.

Some term life insurance policies are renewable for one or more additional terms even if your health has changed. Each time you renew the policy for a new term, premiums will be higher. You should check the premiums at older ages and the length of time the policy can be continued.

Some term insurance policies are also convertible. This means that before the end of the conversion period, you may trade the term policy for a whole life or endowment insurance policy even if you are not in good health. Premiums for the new policy will be higher than you have been paying for the term insurance.