Term life insurance is perhaps the most basic form of life insurance. It usually provides affordable protection, often with a guaranteed premium, for some period of time. If the insured should die while the policy is in force, the face amount is paid to the named beneficiary. At the end of the premium guarantee period, the insured can renew the coverage at a higher premium. The premium for term life insurance is initially lower than a comparable permanent insurance policy; however, it can increase at each renewal. This initial lower premium usually makes term insurance an ideal choice for individuals with a temporary need for life insurance protection.
Explore our Term Life Insurance Products:
Increasing Premium Term Life Insurance
Increasing Premium Term is temporary life insurance protection with an affordable initial premium that increases each year. You may renew the policy annually (until the expiry age which varies by state) without providing evidence of insurability, or proof of your good health. As long as you pay the premium, the policy remains in force.
5 Year Term Life Insurance
5 Year Term (5YT) offers affordable, temporary life insurance protection.
The initial premiums are guaranteed and remain level for the first five years. In years 6-10 premiums increase and are expected, but are not guaranteed, to remain level. Thereafter, premiums increase annually If the insured were to die, insurance proceeds could be used to help pay a mortgage, fund a child’s education or ensure business continuation by helping to cover business expenses.
Term to Age 90 Life Insurance
NYLAZ Term to Age 90 offers affordable, temporary life insurance protection.
The premiums are guaranteed and level for the first ten years, then, beginning in the 11th year, they increase annually.
20 Year Term Life Insurance
20 Year Level Term (20YLT) offers affordable life insurance protection. The initial premiums are guaranteed to remain level for the first twenty years. At year twenty-one, premium rates increase annually.
Family Protection Insurance
Family Protection Insurance is an innovative term plan covers an entire family—two adults and their eligible children—in one policy. Premiums are level and guaranteed for 10 years. Family Protection Insurance is unique—no other company has a term product as comprehensive or as flexible.
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