How Term Life Insurance Works

Your life insurance needs will likely change throughout your life. When you're paying off a mortgage and raising your children, you may need some additional coverage that you won't need after those obligations are met.

Term life insurance offers protection for limited term needs. Common term periods are 1 year with an automatic and guaranteed renewal each year (at a higher premium) up to age 95 in some states, or a level premium for periods of 5, 10, 15, 20, 25, or 30 years.

Your life insurance needs
Your age