Term Life Insurance
Learn how term life insurance works, compare sample rates by age and coverage, and see if it’s right for your family.
Key Takeaways
- Affordable monthly coverage
- Flexible lengths: 10, 20, or 30 years
- Simple, straightforward protection
- Option to convert to permanent coverage
Learn how term life insurance works, compare sample rates by age and coverage, and see if it’s right for your family.
Term life insurance is one of the most affordable ways to protect your family’s future. In this guide, you’ll see sample rates for 2025, learn how term policies work, and understand the benefits so you can make the right choice for your loved ones.
Frequently Asked Questions about Term Life Insurance
The cost depends on your age, health, coverage amount, and policy length. Younger and healthier people usually pay lower rates. For example, a healthy 30-year-old might pay less than $20 a month for a $250,000, 20-year policy.
Term life covers you for a set number of years (10, 20, or 30). If you pass away during that time, your family gets the payout. Whole life lasts your entire lifetime and builds cash value, but costs more.
Yes. Most term policies can be renewed when your term ends, but the new rate will be higher because you’ll be older. Many policies also include an option to convert to permanent coverage without another medical exam.
A good rule of thumb is to choose coverage that’s 10–15 times your annual income. You’ll also want to factor in your family’s debts, mortgage, and future expenses like college.
When the term ends, the coverage ends. You can either renew at a new rate, convert to permanent coverage, or apply for a new policy.