Term Life Insurance

Term Life Insurance

 Term life insurance is one of the best ways for newlyweds, young families and small business to start out with affordable coverage. It can be purchased in large amounts for a relatively small premium, and it provides affordable protection for a specific period of time, at a cost that will fit your budget. And when you’re ready, you can convert term to permanent coverage. In the short term, it can pay for immediate expenses. In the long term, it ensures your family can have the kind of lifestyle you planned for.

Level Terms 10, 15, 20, 30: We offers affordable Term Life Insurance protection for specific time periods: 10, 15, 20 and 30 years. Premiums are guaranteed to remain unchanged for the duration of the selected term period. The amount of your premium will depend on your gender, age, health, and whether you use tobacco products or not. At the end of the term — depending on your age, health, and plan type — you can select another policy term or continue your existing policy with an annual renewable term if you want continued protection.

Annual Renewable Term: Annual Renewable Term is term life insurance that provides protection on a year-by-year basis. It provides a level death benefit to age 75 with affordable and competitive initial premiums increasing annually and guaranteed for 10 years. Yearly Renewable Term is ideal for young individuals to insure for or to provide for any significant life insurance needs at a reasonable cost. It is designed with low, annual premiums that can be converted to longer level term or permanent coverage.

For clients who want an extra level of protection, talk to your Farm Family agent about our riders: Disability Premium Waiver, Children’s Term and Accelerated Death Benefit. These riders are not available in all states.