Affordable Life Insurance Protection for Your Family

How Long Do You Pay for a Term Life Insurance Policy?

If you are considering the purchase of term insurance, you may be wondering how long you have to pay premiums on your insurance policy.


A term life insurance policy is the simplest, purest form of life insurance: You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time-frame a cash death benefit is paid out to your family (or anyone else you name as your beneficiary of the policy).

The "Term" of a term life policy is the duration of time you are insured for life insurance.


The "Premium" is the price you pay for your life insurance on a regular basis; for example annually.


You may be able to choose a "Premium Payment Option" of annual, semi-annual, quarterly or monthly.


Your "Policy Term" options for duration of your coverage may include the following: 10, 15, 20, 25 or 30 years of coverage.


You pay your premiums for the entire period of time you are insured, while you are alive.


If you outlive the duration of coverage, your life insurance ends, with no more premium payments due.


If you pass away during the term of your insurance policy, the death benefit is paid out to your beneficiary, and no more premiums are paid on the life insurance, the policy ends.

Level Term Life Insurance is the most popular type of term policy available.


With Level Term you pay the same premium each year for your coverage, but the amount of life insurance provided by your plan never decreases during the life of your policy.


Term Life Insurance Quotes


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