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Term Life

Term Life

A life insurance policy could provide your family with the financial security they need if you suddenly pass away. A term life policy will provide you with limited coverage for a specific amount of time, wherein if you die, your family will receive a predetermined death benefit payout. 

How Does Term Life Insurance Work?

When you sign a term-life insurance contract, you commit to making premium payments for a set period of time in exchange for a death benefit that will be paid to your chosen beneficiaries following your death. The periods offered in term policies vary and can range from as few as 5 years up to 30 years. As long as you pay your premiums throughout the timeframe of your contract, your loved ones will receive the death benefit if you do die.

What Happens When My Term Ends?

Though, if you reach the end of your term limit, you will no longer have life insurance. At that point, you can choose to purchase a new term policy or convert it into a more permanent option, such as whole or universal life insurance. The choice is up to you, but an agent can help you make the decision more easily. The best thing to do if your term-life policy is coming to an end is to make a decision at least six months before its expiration date so as to ensure that you don’t have any gaps in coverage.

We can help!


This insurance isn’t necessary in every case, but it is highly recommended for anyone who is raising dependents or paying off significant debt. For people in the circumstances, a term-life policy can prevent their family from taking on unnecessary financial burdens following the loss of a primary earner in the household.

You can get insured now by speaking to one of the trained insurance professionals at My Healthcare Direct. Contact us now to get started.

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