What Is Term Life Insurance?
What Is Term Life Insurance?
Term life insurance is temporary coverage that lasts for a set number of years—usually 10, 20, or 30.
If you pass away during that term, your beneficiaries (the people you choose) receive a tax-free cash payout. This money can be used to:
✅ Replace lost income
✅ Pay off a mortgage
✅ Cover childcare or education
✅ Handle funeral expenses
✅ Keep your family’s financial future intact
But if you outlive the term, the policy expires—no payout, no savings. That’s why it’s often called “pure protection.”
Why Do People Choose Term?
Because it’s:
✅ Affordable – You get high coverage for low cost
✅ Simple – No investments, no confusing fine print
✅ Customizable – Choose the term and coverage amount based on your needs
✅ Great for young families – Protect your income while raising kids or paying off debt
How Much Coverage Do I Need?
A common rule of thumb:
💡 10–15x your annual income
This helps ensure your family can maintain their lifestyle without your paycheck.
But the best amount? The one that covers:
Your mortgage or rent
Any debts
Childcare and education
Living expenses
Final expenses
And it’s okay to start small and add more later as life changes.
Is Term Life Right for Me?
Here’s who term life is perfect for:
👨👩👧👦 Parents with young children
💍 Newlyweds building a life together
🏡 Homeowners with a mortgage
📉 People who want affordable coverage now
💼 Business owners protecting income or key people
If you don’t have lifelong financial obligations or want to protect your family during your most financially vulnerable years, term life is often the best first step.
What Happens When It Ends?
When the term ends, you can:
Renew it (at a higher cost)
Convert it to permanent insurance (if your policy allows)
Let it go if you no longer need coverage
A good agent (👋 hi, that’s me) will help you review your options before it ends.
Final Thoughts
Term life insurance isn’t about fear—it’s about love and responsibility.
It’s the “just in case” plan you hope your family never needs—but will be grateful you had if they ever do.
Want to see what term life could look like for you?
Let’s chat. No pressure, no pushy sales talk—just real info so you can make the best decision for your family.
