Term life insurance provides coverage for a specific period of time — typically 10, 15, 20, or 30 years.
If the insured passes away during that term, a tax-free death benefit is paid to the named beneficiaries.
Unlike permanent life insurance, term policies do not build cash value.
They are designed strictly for financial protection during important life stages.
1. You choose a coverage amount.
2. You select a term length (for example, 20 years).
3. You pay a fixed premium for the duration of that term.
4. If death occurs during the term, beneficiaries receive the benefit.
If the term expires and the policy is not renewed or converted, coverage ends.
• Starting or expanding a family
• Purchasing a home
• Replacing income for dependents
• Covering temporary debts
• Protecting children until they become financially independent
Because it provides temporary coverage, term life insurance can offer higher benefit amounts at a lower monthly cost compared to permanent policies.
Premiums are typically lower than permanent life insurance options.
Policyholders may secure larger death benefits for a lower cost.
Coverage lasts for a defined period, making it easy to understand.
• Coverage expires at the end of the selected term
• Premiums may increase if renewed after the term ends
• Term policies do not build cash value
• Approval may require health questions or underwriting
Term life insurance is designed for protection — not long-term wealth accumulation.
The right coverage depends on:
• Your age
• Your income
• Your financial responsibilities
• Your long-term goals
• The needs of your dependents
Every situation is different. Speaking with a licensed professional can help determine whether term life insurance fits your needs — or if another option may better serve your family’s long-term protection.
Peaceful Legacy Family Solutions LLC provides clear, compassionate guidance to help families understand their options.
To explore coverage tailored to your situation