Term Life Insurance
Affordable Protection for Your Loved Ones
Life is unpredictable, but securing your family's future doesn’t have to be complicated. With Term Life Insurance, you can provide financial protection for your loved ones at an affordable cost—ensuring they are covered if the unexpected happens.
What is Term Life Insurance?
Term Life Insurance is a simple and cost-effective way to secure coverage for a specific period, typically 10 to 40 years. If the insured person passes away during the term, the policy pays a tax-free death benefit to the beneficiaries.
Unlike Whole Life or Universal Life Insurance, Term Life does not build cash value—which is why it is significantly more affordable for larger coverage amounts.
Key Benefits of Term Life Insurance
Affordable Coverage
Lower premiums compared to permanent life insurance.
Flexible Term Lengths
Choose from 10 to 40 years, depending on your needs.
No Medical Exam Options Available
Get covered instantly with certain policies.
High Coverage Amounts
Get $100,000 to $5,000,000+ in protection.
Return of Premium (ROP) Option
Receive a full refund of all premiums if no claim is made at the end of your term. Think of it as a reward that returns all the money you paid back to you after your term is up.
Guaranteed Death Benefit
Your loved ones receive a tax-free payout if you pass away during the term.
Convertible to Permanent Insurance
Many term policies offer an option to convert to Whole Life or Universal Life later.
Term Life Insurance Options We Offer
BetterLifeQuotes.com provides flexible term lengths depending on your age and health factors to fit your financial goals:
10-Year Term – Short-term coverage with lower premiums.
15-Year Term – Balanced coverage duration for young families.
20-Year Term – Popular option for mortgage and income protection.
25-Year Term – Extended coverage for long-term financial planning.
30-Year Term – Ideal for covering long-term debts like a mortgage.
35-Year Term – Extra-long coverage for those needing extended security.
40-Year Term – Longest available term option for maximum protection.
Return of Premium (ROP) Term – Refunds all premiums if no claim is made.
Not sure which option is best for you? Get a personalized quote in minutes!
Who is Term Life Insurance Best For?
Young Families: Protect your spouse & children from financial hardship.
Homeowners: Ensure your mortgage is paid off if something happens to you.
Business Owners: Secure Key Person Insurance or fund a Buy-Sell Agreement.
Anyone with Dependents: Parents, guardians, or anyone who supports loved ones financially.
People Looking for Affordable Coverage: If you want high coverage at a low cost, term life is ideal.
10-Year Term Life Insurance
Best for:
Short-term financial obligations
Business loans or key person insurance
Older individuals looking for temporary coverage
How It’s Used:
A 10-year term is ideal for individuals who need affordable short-term coverage. It’s commonly used to cover debts, business obligations, or financial responsibilities that will be paid off in a decade.
Who Chooses a 10-Year Term?
Individuals close to retirement who need coverage until they qualify for pensions, Social Security, or other retirement income.
Business owners looking for short-term Key Person Insurance or to cover a loan.
Parents with older children who are almost financially independent.
15-Year Term Life Insurance
Best for:
Young families with kids in school
Covering a 10-15 year mortgage
Ensuring income protection through early career years
How It’s Used:
A 15-year term provides a balance between affordability and coverage length, making it a popular choice for young families. It’s great for parents who want to ensure their children’s financial security until they reach adulthood.
Who Chooses a 15-Year Term?
Parents of school-age children who want coverage until their kids finish high school or college.
Homeowners with a 15-year mortgage who want coverage in case they pass away before it’s paid off.
Young professionals who expect to accumulate wealth and self-insure in the future.
20-Year Term Life Insurance
Best for:
Parents with young children
Homeowners with a 20-year mortgage
Individuals in their prime working years
How It’s Used:
A 20-year term is one of the most popular term lengths because it provides coverage through a critical financial phase of life—raising children, building savings, and paying off major debts.
Who Chooses a 20-Year Term?
Parents with young children who want to ensure financial security until they finish college.
Homeowners with a 20-year mortgage who want to ensure their family isn’t burdened with mortgage payments.
Married couples who rely on two incomes and want protection in case one spouse passes away.
25-Year Term Life Insurance
Best for:
Homeowners with a 25-year mortgage
Individuals with long-term financial obligations
Parents looking to provide extended financial security
How It’s Used:
A 25-year term is perfect for those who need coverage beyond 20 years but don’t necessarily need a full 30-year policy. It works well for mortgage protection and long-term family financial planning.
Who Chooses a 25-Year Term?
Parents of young children or newborns who want coverage into their child’s adulthood.
Homeowners with a 25-year mortgage who want protection for the full loan term.
Individuals securing a Buy-Sell Agreement for a business partnership.
30-Year Term Life Insurance
Best for:
Newlyweds and young families
Individuals with long-term mortgages and debts
People seeking maximum term coverage at an affordable rate
How It’s Used:
A 30-year term is one of the most popular options because it offers long-term protection for mortgages, children, and income replacement well into the future.
Who Chooses a 30-Year Term?
Young couples and new parents who want protection for their spouse and children.
Homeowners with a 30-year mortgage who want to ensure their loan is covered.
Business owners who want long-term financial stability for their company.
35-Year Term Life Insurance
Best for:
Individuals who want extended security at a lower cost than permanent life insurance
Business owners with long-term succession plans
Parents who want financial protection well into retirement
How It’s Used:
A 35-year term is ideal for those who want extra-long coverage without moving into Whole Life Insurance territory. This term length is perfect for individuals who want to ensure their financial protection extends well past traditional term lengths.
Who Chooses a 35-Year Term?
Parents who want to secure their children's financial future well into adulthood.
Individuals who may have later-life financial responsibilities, like supporting elderly parents.
Business owners or investors who need long-term risk management.
40-Year Term Life Insurance
Best for:
Maximum long-term coverage at the most affordable rate
Individuals who don’t want to worry about renewing their policy later in life
Homeowners and families who need extended protection
How It’s Used:
A 40-year term provides the longest available coverage in a term life policy, ensuring that financial protection remains in place for an extended period without needing to reapply later in life when premiums would be higher.
Who Chooses a 40-Year Term?
Young individuals in their 20s or 30s who want to lock in low rates for as long as possible.
Homeowners with long-term mortgages or multiple financial responsibilities.
Individuals who want the benefits of term insurance without needing to transition to a permanent policy later.
Return of Premium (ROP) Term Life Insurance
Best for:
Those who want a refund if no claim is made
Individuals who are unsure if they will need insurance long-term
People who want financial protection without "wasting" money
How It’s Used:
A Return of Premium (ROP) Term Life Insurance policy works just like regular term life insurance, but if you outlive your policy term, you get all of your premiums refunded. This can be a great option for individuals who want peace of mind knowing they’ll get their money back if they don’t use the policy.
Who Chooses a ROP Term?
Individuals who want coverage but dislike the idea of "wasting" money on premiums.
Those looking for a built-in savings component.
People who can afford slightly higher premiums in exchange for getting all their money back if they don’t make a claim.
Which Term Length is Right for You?
Choosing the right term length depends on your financial goals, dependents, and long-term obligations. Not sure which policy fits you best? Get an instant quote today and compare your options.