Term Life Insurance
Coverage for a Specific Term
Term life insurance is simple: it covers you for a fixed period, usually 10, 20, or 30 years. If you pass away during that time, your loved ones receive the death benefit tax-free. If you outlive the policy, the coverage ends unless you renew or convert. Because term has no cash value, it’s usually the most affordable way to buy a high amount of protection when you need it most.
Term Length and Coverage Amount
Choosing the right term means looking at your timeline: a 20-year policy may last until your kids graduate, while a 30-year policy may carry you through a mortgage. The coverage amount should reflect your family’s ongoing needs, debts, and future plans. At FD Insurance Agency, we’ll walk you through a needs analysis to match your policy to your life stage.
Convertibility and Flexibility
Many term policies allow you to convert part or all of your coverage into a permanent policy later—without new medical exams. This feature is valuable if your health changes or if you want lifelong coverage down the road.
Affordable Peace of Mind
Term life offers significant coverage for a fraction of the price of permanent life. For young families in Kansas, it’s often the easiest way to secure peace of mind without straining the budget.
Why Choose Term Life?
Many families lean on term life during the years when expenses are highest. A policy can:
Replace income so your family can continue paying bills and maintaining their lifestyle.
Cover debts like mortgages, car loans, or business loans that could otherwise burden survivors.
Fund education for children or dependents, ensuring their plans don’t get derailed.
Term Life FAQs
What happens after the term ends?
Coverage expires unless renewed or converted. Renewals are available, but often at higher rates.
What if I need coverage later?
You can buy new coverage if healthy, or convert to a permanent policy if allowed.
Does term life build savings?
No—term is pure protection. Some “return of premium” policies refund premiums, but at a higher cost.
Can I own multiple term policies?
Yes, layering policies is common (e.g., a 20-year for kids and a 30-year for a mortgage).
