Explore Products Claims About Us Resources 1-855-347-3939 , Call Us Log In Term Life Insurance ZIP Code This life rate and coverage are provided and serviced by third parties. Read more. EXPLORE LIFE Plans, info, & more Home InsuranceLife InsuranceTerm What is term life insurance? Term life insurance is life insurance designed to protect your family in the event of your death. It provides coverage on your life for a period of time based on the term length you select — typically 10, 20, or 30 years. Get a term life insurance quote today and gain peace of mind. Compare term life insurance quotes As you compare term life insurance policies, it's critical to evaluate various plans and their differences. When you quote, you can easily compare the cost, coverage amount, and term length of policies from multiple insurance companies. WHY BUY TERM LIFE INSURANCE? Term life insurance is affordable and can be advantageous for families just starting out or on a budget. What are the benefits of term life insurance? Lower costs Term life insurance policies only cover you for a set amount of time, which lowers your rate. If you're a non-smoker in your 20s, you'll pay a cheaper premium than an older person with health issues. More coverage Because of the low cost to buy term life insurance, you can buy more protection. That makes it ideal for younger families. Policy length flexibility Term life insurance policies give you the freedom to choose the length of coverage. You can purchase a policy for as low as one year, but the most common options are 10, 15, 20, and 30 years. Tax-free payout Death benefits from a life insurance policy typically won't count as taxable income. Guaranteed protection and premiums With term policies, your death benefit is guaranteed. Once you decide how much coverage you want, your fixed premium is also guaranteed not to change during the term of the policy. When is the best time to buy term life insurance? The younger you are, the lower your term life insurance rates will be. The older you get, the higher your premiums will be. If you're recently married or plan to start a family, term life is an affordable way to make sure your family will be financially secure if you were to die unexpectedly. If you're buying a home, this type of policy can help pay off the mortgage or other debts accrued. What does term life insurance cover? Term life insurance can cover lost income and other living expenses, such as: Mortgage payments College tuition Funeral and burial costs Debt, such as an auto or business loan Learn more about term life insurance Progressive Answers is your go-to resource for any additional questions about term life insurance. Life insurance 101› A quick overview on how life insurance works. What are the different types of life insurance?› In addition to term policies, explore options for life insurance. Can I get life insurance without a medical exam?› Find out if you need a medical exam to obtain a term policy and how it might impact your price. What is a life insurance rider?› Everything you need to know about life insurance riders. Get a quote for term life insurance online and compare rates in just 5 minutes Get a quote Or, call 1-866-912-2477 Insurance Car Insurance Home Insurance Progressive Answers Explore All Products Our Company About Us Careers Investors Newsroom Quick Links Continue Previous Quote Report a Claim Make a Payment PerkShare Connect 1-855-347-3939 Contact Us Progressive App Become a Partner Search / Keywords Facebook Instagram Twitter YouTube Lifelanes Contact Us Site Map Accessibility Services Technical Help Privacy & Security Terms of Use Insurance Resources RANKED #1 WEBSITE FOR EASE OF USE Copyright 1995 - 2021. Progressive Casualty Insurance Company. All Rights Reserved. We offer insurance by phone, online and through independent agents. Prices vary based on how you buy. Δ Disclosure Discount varies and is not available in all states or situations. Progressive Advantage Agency, Inc. (PAA) will transfer you to Efinancial, LLC for placement with insurers offering this coverage. eFinancial and the insurers are not affiliated with Progressive and are solely responsible for their websites, products, and services. Information about you is subject to their privacy policies and may be shared with PAA and its affiliates for their marketing and other uses. PAA receives compensation from eFinancial or its affiliate that may vary based on the number of applications taken by eFinancial and the policy you buy. Contact us for more details. Price and coverage may vary by insurer. May not be available in all states. PAA (CA Lic #0F50053, TX Lic #1394132) is domiciled in Ohio and has its principal place of business at 6300 Wilson Mills Road, Mayfield Village, Ohio 44143. 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