Term Life Insurance
Affordable protection for 10, 20 or 30 years.
Quick answer
Term life insurance covers you for a set period, usually 10, 15, 20, 25 or 30 years, and pays a tax-free death benefit if you die during that term. It has no cash value, which makes it the most affordable way to get a large amount of coverage while you have a mortgage, children or income to replace.
- Coverage length
- 10–30 years
- Premiums
- Level for the term
- Cash value
- None
- Conversion
- Often available
Who is term life insurance best for?
- Young families replacing income
- Covering a mortgage or debt
- Budget-conscious buyers needing high coverage
- Protecting children until they are independent
Pros and cons
Pros
- Lowest cost per dollar of coverage
- Simple and easy to understand
- Many policies convert to permanent coverage
- No-exam options available
Cons
- Coverage ends when the term ends
- No cash value
- Renewing later is much more expensive
How much does term life insurance cost?
Term is the least expensive life insurance. Healthy non-smokers in their 30s can often get large coverage amounts for a modest monthly premium. Rates rise with age and health risks, so locking in early saves money.
Why buy through Varis Life?
Varis Life is an independent agency with access to every major carrier and licensed agents in all 50 states. We compare term life insurance options side by side so you get the best fit for your health, budget and goals.
Frequently asked questions
How much term life insurance do I need?
A common starting point is 10–12 times your annual income, plus debts like a mortgage and future costs like college. An agent can calculate a precise number.
What happens when my term ends?
Coverage stops. Many policies let you renew at higher rates or convert to permanent coverage without a new medical exam.
Can I get term life insurance without a medical exam?
Yes. Many carriers offer accelerated or no-exam underwriting for healthy applicants.
Compare every carrier in one call
A licensed Varis Life agent will shop the market for you, in any of the 50 states, at no cost.
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