Term Life Insurance
The most affordable way to protect your family during the years they depend on you most.
What is term life insurance?
Term life insurance pays a tax-free death benefit to your beneficiaries if you pass away during a set term — usually 10, 15, 20, 25 or 30 years. Because it covers a specific window and builds no cash value, it's the most affordable way to buy a large amount of protection.
Who it's best for
- Young families replacing a paycheck
- Homeowners covering a mortgage
- Veterans comparing a locked-in rate against VGLI's age-banded premiums
- Anyone with debts or kids to get through school
Key features
| Feature | What it means for you |
|---|---|
| Level premiums | Your price is locked for the full term. |
| Convertible | Many policies can convert to permanent coverage without a new medical exam. |
| Living-benefit riders | Some carriers let you access part of the benefit for a qualifying terminal, chronic or critical illness. |
| Return-of-premium option | Some policies refund premiums if you outlive the term, at a higher cost. |
Term life vs VGLI
VGLI is guaranteed if you apply on time, but its premiums increase every five years as you age. A private term policy locks your price for the whole term. For healthy veterans, private term often costs less over the long run. Read our full SGLI vs VGLI vs private coverage guide.
Frequently asked questions
How long should my term be?
Match the term to your longest obligation — for example, until your youngest child finishes college or your mortgage is paid off. Many families choose 20 or 30 years.
What happens when my term ends?
Coverage ends unless you renew (usually at a much higher price) or convert to permanent coverage during the conversion window. We'll help you plan ahead.
Is the death benefit taxable?
Life insurance death benefits are generally received income-tax-free by beneficiaries. Consult a tax professional about your situation.
Ready to protect your family's future?
Get a free, no-obligation consultation with a licensed, veteran-led team.