Term life insurance provides simple, cost-effective coverage for a specific period — typically 10, 20, or 30 years. It’s designed to protect your loved ones or business partners during the years when financial obligations are highest, such as mortgage payments, college expenses, or business loans.
Unlike permanent life insurance, term policies focus purely on providing a guaranteed death benefit for the length of the term. That means you can secure significant protection at a fraction of the cost.
Get StartedWhen you purchase a term policy, you choose the length of time (the term) and coverage amount that fits your financial goals. If the insured passes away during that period, the policy pays a tax-free death benefit to the beneficiaries.
Once the term expires, coverage can often be renewed or converted into a permanent life insurance policy, giving you flexibility as your needs evolve.
Affordable Coverage: Get high protection amounts for lower premiums compared to permanent policies.
Simplicity: Straightforward structure makes it easy to understand and manage.
Convertible Options: Many carriers allow conversion to permanent coverage without additional medical exams.
Income Protection: Replace lost income and ensure your loved ones maintain their standard of living.
Business Security: Safeguard buy-sell agreements, key person coverage, or business debt protection.
Term life provides temporary protection. Permanent policies — such as Whole Life Insurance or Universal Life Insurance — build cash value and last for life.
Many clients start with a term policy and later convert to a permanent plan once their income and long-term goals expand. Learn how to structure both effectively with Living Equity Group’s advanced case design team.
At Living Equity Group, we simplify complex life insurance strategies. Whether you’re an individual seeking protection or a broker structuring coverage for a client, our team helps match the right term solution to your broader financial plan.
We work with top-rated carriers and provide customized strategies for both personal and business needs — ensuring you have flexibility today and options for tomorrow.
Term life insurance offers peace of mind and financial security — at the stage when it’s needed most.
Speak with a Living Equity Group Specialist
