Why term life is the foundation
Term life insurance is the simplest, most affordable way to protect your family's income during the years they depend on it most — typically the 20 to 30 years while children are at home and a mortgage is being paid.
How it works
You pay a level premium for a fixed period (10, 20, or 30 years). If you pass away during the term, the policy pays a tax-free death benefit to your beneficiaries.
How much coverage
A common starting point is 10 to 15 times your annual income, adjusted for debts, education goals, and your spouse's earning capacity.
What it is not
Term life is not an investment. It is pure protection — and that is exactly its strength.
Educational content only. Nothing in this lesson constitutes legal, tax, or investment advice. Insurance products are governed by the policy contract issued by the carrier.