What Is Term Life Insurance and How Does It Work?

Term Life Insurance is the most affordable way to protect your family's financial security if something happens to you.

Men and women in excellent health in their mid 30s and 40s can buy $100,000+ of Term Life Insurance for under a dollar a day.

You can buy Term Life Insurance for 10, 15, 20, or 30 years — however long you need it.

In most cases, Term Life Insurance proceeds are tax-free. Consult with your tax advisor if you have any questions.

More Important Information

Your Guides To Term Life Insurance

The following three documents spell out everything you need to know about Term Life Insurance. Download them immediately by providing us with your email address.

What Is Term Life Insurance? pdf
Term Vs.
Whole Life Insurance? pdf
The Truth About Quotes pdf
Ben, 43, $300,000, 10-year Term Life policy for less than $20 a month*
Ben, 43,
$300,000, 10-year
Term Life policy
for less than
$20 a month*

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Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner products are distributed in 49 states and in DC. Banner does not solicit business in NY. OPTerm policy form #RT-97 and state variations. Two-year contestability and suicide provisions apply. The Banner term life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 10 issue ages are 20-80 all classes. Premium rates vary by coverage amount: $100,000-$249,000, $250,000-$999,999, $1,000,000 and above. Premiums quoted include $60 annual policy fee. Premiums are guaranteed to stay level for 10 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 10 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Rates as of 03/31/2014. A cost-free MediGuide Medical Second Opinion is included with new policies and administered by MediGuide America. Policy form MMGR(12-09) and state variations. Available only in approved jurisdictions. The service is not guaranteed for the duration of the policy. Forms and policy provisions may vary by state. Policy descriptions provided here are not a statement of contract. Please refer to the policy forms for full disclosure of all benefits and limitations. Services in Florida provided by Charan J. Singh, licensed agent. Advertising #14-152. (REV)