Where it can fit.
- Income replacement
- Mortgage and debt protection
- Large temporary coverage needs
Product 03 · One Standard Life
Term Life
High death-benefit coverage for a defined period, usually at the lowest initial cost.
Run the educational calculatorTHE PLAIN-LANGUAGE VERSION
What it is.
Term life provides a death benefit for a selected period, commonly 10, 20, or 30 years. It is designed for temporary obligations such as income replacement, a mortgage, or years when children depend on you. Most term policies do not build cash value.
The tradeoffs.
- Coverage ends or becomes more expensive after the term
- Usually no cash value
- Conversion options and deadlines differ by policy
The next honest step
Model the structure. Then qualify the client.
The planning tool will not choose a carrier or promise a rate. It will help you see which inputs move the decision before you submit health and financial information for a current comparison.
Open the Term tool