Term insurance is generally less expensive than permanent insurance. However, premiums usually increase over time. Term 75 Provides coverage to age 75 and has an extended conversion period. Premiums increase each year. Term 10 Provides coverage for 10 years and can be converted to permanent life insurance during the first three years of the policy without proof of insurability.
Premiums increase each year.
Level Term 20 Level Term 20 is designed to provide coverage for 20 years, with premiums guaranteed to remain level for the first 10 years. It can be converted to permanent life insurance during the first ten years of the policy without proof of insurability. Level Term 10 Provides coverage for 10 years at a guaranteed level premium and for up to an additional 10 years at a higher premium that is scheduled to remain level. It can be converted to permanent life insurance during the first ten years of the policy without proof of insurability. We offer multiple combination products comprised of both permanent and term insurance.