Term life insurance gives you coverage for a pre-determined period, at an affordable price. If your death occurs during the chosen period, your loved ones receive a tax-free benefit.
This type of life insurance provides temporary protection to meet high, short-term protection needs at the lowest initial cost.

Two types of term coverage are available:

Term: A 10- or 20-year term. It’s possible to renew your coverage or to convert it to whole life coverage without a medical exam.

Pick-A-Term: Pick-A-Term differs from other coverages by the length of its term. You determine the desired duration of coverage between 10 and 40 years, according to your individual needs. In this way, you get the right coverage at the right price for your situation. If for one reason or another you need coverage for longer than you thought, you can renew your coverage annually at a reasonably-priced premium.
Pick-A-Term features:

Who Should Consider Term Life Insurance?

• Individuals with mortgages or other temporary debt
• People who are focused on affordability and flexibility
• Small business owners with debts or significant start-up costs
• Business owners with specific requirements like key person protection or buy/sell agreements