Term Life Insurance - Ensuring Your Legacy

Temporary insurance at an affordable cost.

Life insurance for a predetermined amount of time, typically between
1-35 years.
Cost effective option for young growing families or individuals looking
for more affordable coverage.
This type of life insurance only pays a death benefit if the policyholder
dies before the term is up.
It doesn’t accumulate cash value that can be used for loans and
other purposes.
No Guarantee of Renewal when the term ends; however, certain term policies may allow for an option to renew.

Choose a term life insurance policy that’s right for you.

Yearly Convertible Term

This may be the right choice for people who need protection at the lowest initial cost and may want to convert to a permanent policy soon. Premiums start out lower than those for a level premium product, and then they gradually increase each year.

Level Premium Convertible Term 10-20

You might consider this product if you want predictable payments. You can lock in level premiums for 10 to 20 years and make plans knowing your payments won’t change. After the level premium paying period ends, premiums will increase annually.

Return of Premium

Return-of-premium life insurance is added on to a standard term life insurance policy as a rider and lasts for the term of the policy – usually a 10, 20 or 30 year term. For certain people with specific life insurance needs, there are a few pros of a return-of-premium life insurance policy:

Refunded premiums are not taxable
A forced savings vehicle if your premiums are returned
Lower cost than whole life insurance

With top-notch return-of-premium life insurance companies, you receive a guaranteed amount of money back that could go to your loved ones rather than taking risk on the stock market and other high-risk investments.

You can customize your term life insurance policy with the following riders:

Living Benefits Riders (No Cost)

Accelerated Benefits Rider For Chronic Illness.
Accelerated Benefits Rider For Critical Illness
Accelerated Benefits Rider For Critical Injury.
Accelerated Benefits Rider For Terminal Illness

Additional Riders

Waiver of Premium
Children Term Rider

NAME *

First

Middle

Last

Phone *

(###) ###-####

Email *

Confirm Email

Address

Address Line 1

Address Line 2

City

State

Zip Code

Date of Birth:

Date of Birth: MM/DD/YYYY

WHICH LIFE PLAN? *

5 Year Return of Premium Term
10 Year Return of Premium Term
20 Year Return of Premium Term
30 Year Return of Premium Term

LIFE INSURANCE CHOICES

Do you have any other family members who you would like to insure?

Term Life Insurance Frequently Asked Questions

What is a Term Life Insurance policy?

Term insurance is a type of life insurance that provides coverage for a certain period, or a specified “term.” If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid.

Can you cash out term life insurance?

No. Term life insurance pays a death benefit to your beneficiary if you die within the policy’s term. It does not accumulate cash value while you are alive.

What if you outlive the term period of your policy?

If you outlive the term period of your policy, your coverage will not lapse, but your premiums will increase annually. If your needs have evolved, you may want to consider converting to permanent protection.

What is the appropriate age to buy term life insurance?

Your 20’s could be a good time to buy term life insurance coverage. Generally, when you’re younger and healthier, you pose less risk to an insurer, which is why you’re offered rates that could be more favorable.

How long should I have term life insurnace?

Everyone’s life insurance needs are different and purchasing term insurance is based on your unique needs today and in the future. A BDB financial professional can assess your needs and help determine which term policy is right for you.