Term Life Insurance Quotes & Competitive Rates
Term life insurance made simple—fast online quotes, clear options, and guidance so you can choose the right coverage with confidence. This page explains how term works, the types of term, pricing, convertibility, renewals, and how to get a quote and apply.
Term life insurance: how it works
A term policy is the simplest form of life insurance. You choose a term length and an amount of coverage; if you die during the term, the death benefit goes to your beneficiaries. Term insurance provides coverage for a set period and is designed to protect income, a mortgage, or education costs.
A life policy like this is straightforward: no cash value, just pure protection. Many families use term life insurance to ensure they have enough life insurance to cover major obligations while kids are at home or debts are highest. This page will help you get term life insurance that fits your goals and budget.
Types of term life insurance
There are several types of term life insurance. The most common is level term life insurance, where premiums stay level for the entire term. A decreasing term design lowers coverage over time, often used with loans. A yearly renewable term adjusts annually.
You can choose a 10-year term, 20-year term, or 30-year term based on your timeline. Some employers provide group term life insurance, and we’ll show how that differs from an individual plan.
Term life insurance policies: key parts
Every plan outlines the policy term, beneficiaries, and the policy’s term conditions. This type of policy is built to be clear: the term life insurance coverage stays fixed unless otherwise stated, and the policy may include riders such as living benefits.
At the end of the term, your term life policy expires. You can renew it for another term (often at higher premium), convert to a permanent option if available, or shop a new term. If a policy expires with no claims, that simply means protection was in place when you needed it.
Get a term life insurance quote: rates & tools
Start with a term life insurance quote—we’ll scan top life insurance companies to show life insurance rates side-by-side. Use our life insurance calculator to estimate the insurance you need based on income, debts, and goals, then get a quote to see how different terms affect your monthly premium.
When comparing, look at the cost of term life insurance over the selected period and whether the plan includes convertible term life insurance features for flexibility as life changes.
Benefits of term life insurance
The benefits of term life insurance are clarity and value. It’s typically affordable term life insurance with straightforward pricing, giving families targeted life coverage during critical years. If you want low-cost protection, many find term to be the best term life insurance approach for income replacement.
Unlike some options, term focuses the premium you pay purely on protection. For many households, term life insurance is the most efficient way to secure a large death benefit today.
Term and permanent whole life insurance: how they compare
Life insurance comes in two broad categories—term and permanent. With permanent insurance such as whole life insurance or universal life insurance, you get coverage for life plus a cash value component of a whole life design. That added value means it’s often more expensive than term.
A whole life insurance policy can build savings over time; whole life premiums stay level and whole life insurance lasts as long as you pay. Because a whole life policy comes with guarantees, it can complement term in a blended plan. There’s also universal life, a flexible form of universal life that adjusts premiums and benefits. This is the classic term versus permanent question—term vs permanent depends on goals. Some clients layer term for big needs now and a permanent life policy for lifelong planning. We can also review permanent life insurance policies if that’s a fit.
What to know about term life insurance
-
Premiums, pricing & plans
Your premium reflects age, health, term, and coverage amount. We’ll help you compare life insurance plans across life insurance companies and curated life insurance products to match your budget.
Insurers consider the cost of insurance, tobacco status, hobbies, and family history. We’ll help align your selection with long-term life plans so your premium stays sustainable over time, and we’ll highlight any term life insurance premiums changes if you extend coverage later.
-
Convertibility & renewals
Many term life insurance policies include convertible term life insurance, letting you switch to a permanent life policy—without new medical underwriting—before the term expires. That flexibility can be valuable if your health changes or you want coverage for life.
If you still need protection at the end of the term, you can extend your term life insurance or renew it for another term. We’ll walk you through timelines so you don’t miss conversion windows tied to the policy’s term.
Group coverage versus individual plans
Employers may offer group life insurance as a benefit. While group life can be convenient, it’s usually not portable and coverage amounts may be limited. An individual term insurance plan gives you control, and it can sit alongside group term life insurance from work.
We’ll coordinate both so your combined life insurance coverage strategy remains efficient.
Who offers term life insurance?
We partner with each insurance company on our marketplace that offers term life insurance and we highlight select term life insurance options from top life insurance companies. Our licensed team compares the best term life insurance choices based on underwriting niches, riders, and service.
Because every carrier prices risk differently, shopping increases the odds of a lower premium for your scenario.
-
Eligibility & underwriting
Some applications require a medical exam, while others use accelerated underwriting. Depending on the carrier, life insurance may approve coverage quickly if health data and records align. We’ll help with getting a term life insurance decision fast and explain when a medical exam helps you qualify for a better premium.
If health shifts later, conversion features can safeguard insurability so life insurance provides lasting value.
-
How to buy term life insurance
You can buy term life online in minutes—compare quotes, choose a plan, and submit the application. Prefer guidance? A licensed insurance agent can help you buy term life insurance, review riders, and answer questions.
We also support get a quote requests by phone if you want personal help picking term life policies or confirming you’re choosing the type of life insurance that fits your goals.
Term Life Policies FAQs
-
Here’s what to know about term life insurance: it’s budget-friendly protection for a set period, focused on the death benefit, with options like conversion and renewal.
-
Some employers advertise free term life as a basic workplace benefit, but personal policies are paid via premium and tailored to your needs.
-
Yes. You can layer term policies—for example, a 30-year term for income and a 10-year term for a short loan—so protection matches milestones.
-
You can renew it for another term or shop a new term, depending on options available before the end of the term.
-
Many carriers include riders in term life insurance like living benefits; availability varies by insurance company and life insurance policies.
-
“Select term life insurance” is marketing language some carriers use for a level-term design with underwriting tiers.
-
Group term life insurance from work is helpful but often limited; owning an individual plan ensures portability and control.
-
If your plan has convertible term life insurance, you can move to permanent life insurance options during the conversion window.
-
You can adjust coverage or shop a new term to match the insurance needs that arise.
Quick glossary
Term length: The number of years your life insurance policies stay in force before the policy expires.
Amount of coverage: The death benefit your beneficiaries receive.
Premium: What you pay for term life insurance each month.
Group life insurance: Employer-provided protection that’s separate from individual plans.
Convertible: Lets you move to permanent insurance without new underwriting.
Ready to compare options?
We work with life insurance companies across the country and offers term life insurance plans for every stage of life. Tell us the insurance you need, then get a quote to see the carriers and pricing available today.