Term life insurance provides coverage for a specific period of time, known as the term. If the insured individual dies during the term, the policy pays a death benefit to the designated beneficiaries. If the term expires and the insured is still living, coverage ends unless the policy is renewed, converted, or replaced.
Term life insurance is often chosen for its simplicity and affordability. It is designed to provide financial protection during key earning and responsibility years, such as while raising children, paying off a mortgage, or replacing lost income for dependents. This section explains how term life insurance works, the different policy options available, and how to determine whether term coverage fits specific financial goals.
Articles in This Section
- What Term Life Insurance Is and How It Works
- How Term Life Insurance Differs From Whole Life Insurance
- Level Term vs Decreasing Term Life Insurance
- Choosing the Right Term Length for Life Insurance
- How Much Term Life Insurance Coverage You Need
- Who Term Life Insurance Is Best For
- How Term Life Insurance Premiums Are Determined
- Age and Health Factors in Term Life Insurance Pricing
- Medical Exams and No-Exam Term Life Insurance
- Term Life Insurance Riders Explained
- Renewable Term Life Insurance Policies
- Convertible Term Life Insurance Options
- What Happens When a Term Life Insurance Policy Expires
- Term Life Insurance for Parents With Young Children
- Term Life Insurance for Mortgage and Debt Protection
- Employer-Provided Term Life Insurance vs Individual Policies
- Common Misconceptions About Term Life Insurance
- When Term Life Insurance May Not Be Enough
- Replacing or Renewing Term Life Insurance Policies
- Mistakes to Avoid When Buying Term Life Insurance