Term Life Insurance

Term Life Insurance

Term Life insurance

Term life insurance can provide financial security for your family should the unexpected happen. Term life insurance is temporary insurance protection and does not build-up of cash value. The premium rate per thousand is lower than permanent insurance because term insurance does not build-up cash value and is for a specified period of time.

Term Life Insurance covers an insured for a specific period of time, usually between 10 and 30 years, as long as the premiums are paid. Policies can be renewed beyond the original expiration date, however the renewal rate will increase based on attained age and current health of the insured.

Term insurance is best used to:

  • provide temporary insurance protection
  • protecting insurability
  • maximize insurance protection at the lowest cost
  • mortgage and other debt protection
  • add term rider protection to existing permanent insurance
  • supplement an existing life insurance policy

In addition to the standard level term life insurance there is also decreasing term and increasing term. These allow the face amount or death benefit amount of the policy to change during the length of the term to meet the need of the policyholder.

Also available, is a relatively new type of term life insurance policy that returns the insured premiums if the insured outlive the level premium period. Unlike traditional term insurance policies this policy provides for cash value accumulation.

Premiums for return of premium term policies are higher than traditional term insurance policies. Some believe the benefit of getting all your premiums back outweighs this additional cost. You must also keep the policy for the entire contract period to get a full refund of your premium.

Signature Quote is an independent insurance agency representing a number of nationally known insurance companies. Our underwriters know which insurer can provide the coverage you are looking for at the lowest market price. Browse our list of top rated insurance carriers.

Our process is to have a single agent contact you. Once you contact Signature Quote, only one insurance agent will respond to your inquiry. You will not receive calls from multiple insurance companies and agents. The single agent that responds to your inquiry will search our list of highly rated insurance companies instead of you and present the best quote for your consideration.

Let us search the life insurance market for the best term life insurance coverage at the lowest price that meets your needs.


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