Term Life Insurance

Tailor-made for you

Add more security to your financial future with life insurance.

Protect your loved ones with affordable term life insurance

Think of term life insurance as “basic” coverage, providing financial protection for a set number of years. It’s an affordable solution when you may not want to pay more costly premiums or lock in a long-term permanent insurance plan.

Or you may not need or want the additional features of a permanent plan. As the name suggests, term life covers you for a specific period of time, which you determine based on your needs.

Pricing is flexible depending on the term selected. You can opt to renew annually or elect a pricing plan based on specific time periods, such as 10, 15 or 20 years.

When the term ends, you can renew your plan or convert to a permanent one, depending on your specific policy.

Is term life insurance right for me?

If you have a family, people who depend on your income, or a mortgage to pay, then term life insurance is right for you. It provides coverage for a specific amount of time—you choose the number of years. This type of life insurance can help protect loved ones if something unexpected happens to you. It also allows you the option to extend your policy later in life when your financial needs change—or to eliminate the need for it altogether.

Why term life may be the best choice for you now

Term life may be the most practical, affordable choice at certain times in your life, such as when you have a family, loved ones who depend on your income. Purchasing a term plan is a way to prepare for life’s unexpected turns.

Should something unforeseen happen to you, the money that goes to your beneficiaries will help replace your income so your family can handle ongoing financial obligations, such as paying the mortgage or day-to-day living expenses.

A term plan also gives you the option to extend your policy when your financial needs change—or to eliminate the need for it altogether.

Think it’s expensive? Think again. See how affordable it can be. And just as important, having a policy in place can give you peace of mind today, knowing that tomorrow isn’t predictable.

Get started with a quote from AIG Direct (to become Corebridge Direct).

Should I choose between term life insurance or whole life insurance?

Term life insurance gives your beneficiaries protection against the financial hardships that occur when you die. Compared to permanent life insurance it generally costs less – but remember, it is designed to only provide coverage for a set number of years and is not lifetime coverage. However, getting adequate term life can be difficult. In order to get the right amount of protection, you need to consider how much income you are looking to replace should something happen to you, and for how long. And, it’s important to understand how much you can afford.

In any case, it is a good idea to consult your financial professional to help make your choice.

Take the first step toward selecting the right plan

When it comes to term life, no one size fits all. Think about how much income you want to replace, for how long and how much you can afford. Consider consulting with your financial professional to help you make the best choice and to get a customized quote based on your needs. Or use our term life insurance calculator for a recommended coverage amount and personalized quote.

Want to explore other types of life insurance? Learn more.

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