Term Life Insurance

Term Life Insurance

Term life insurance is a type of life insurance policy that is good for a certain period of time, which can be one year, ten years, twenty years or thirty years.Term life insurance is usually basic and inexpensive to have. Most people get term life insurance to cover them in the event that they die before they have managed to save up enough money for the future. There are a few different types of term life insurance that can be available to you such as level term, renewable term, and convertible term.


Level term life insurance is considered to be the most popular of the term life insurance policies which will have a fixed payment and benefit amount for the life of the policy. Renewable term life insurance will run for a shorter term, which is usually 1 to 5 years, but you can renew it at the end of the term depending on your age and proof of insurability. Finally, convertible term life insurance allows you to convert your term life insurance policy into a permanent life insurance policy without having to prove your insurability or submit to a medical exam. Contact United Retirement Advisors Group to find out what term life insurance policy is best for you and your family’s needs.