Live Long, Live Fully. Term Life Offers Basic, Affordable Coverage That Protects Loved Ones For A Set Period Of Time.

The future is full of promise. At the same time, it holds uncertainty. Life insurance is there to help you enjoy life by easing some of your worries.  

Term life is a simple product designed to provide money for your family (or your business) if you’re not there. While it doesn’t provide for protection beyond the set length of time you’ve chosen, it can be the most affordable way to protect your loved ones.

Even if you’re on a tight budget, this basic insurance coverage represents a great starting point.

You may decide in the future that you wish to build a cash asset and convert your policy to a form of permanent insurance, or even a combination of term and permanent. This would enable you to maintain the security that life insurance provides to your loved ones, for your whole life, while building a tax-advantaged asset.1

What’s Term Life Insurance?

What is term life, and what does term length for life insurance mean? With term life insurance, you pick a set period of time, known as a level term premium period, such as 10, 15, 20, or 30 years, to be covered by insurance. This length of time is known as the “term.” Based on the amount of coverage you purchase, your loved ones will receive a guaranteed amount of money in the event that you pass away. Your named beneficiaries will receive a payment for the pre-agreed amount.

The Benefits Of Term Life

Term life insurance is an affordable way to make sure your family is covered in the event that you pass away. While it doesn’t have a savings component, it’s the simplest way to provide coverage for your loved ones. Some of the benefits of term life insurance include:

  • Buy the length of coverage you want. Term life is not a lifelong product. The level term periods we offer are 10, 15, 20, or 30 years; when the term is up, so is your coverage. However, during that period, your loved ones are protected for the amount you have decided to purchase.

  • An affordable and predictable choice. Typically, term life premiums (the monthly payments you make to pay for the insurance) are “level,” so they stay the same for the length of the term. 

  • Protection you can count on. With term life insurance, you’ll know exactly how much your beneficiaries would receive. The amount is not tied to the rise or fall of the stock market. The amount would be received as one lump sum, which is generally tax-free.

  • Ability to trade up. Term life sometimes provides you with the option of trading up during the conversion period, without undergoing additional medical exams. This means you have the ability to upgrade to a form of life insurance, like whole life, that enables you to build a permanent cash asset. 



Contact us to learn more about how Alpine can help you. We will respond to all inquiries within 24 hours.