Term Life Insurance Infographic

Chances are you've heard of term life insurance—but what's it all about, anyway? Here's an overview of how affordable coverage can provide lasting peace of mind.


What is Term Life Insurance?

Learning the Basics

Let's start with the basics. A term life insurance policy provides coverage for a specific period of time. So long as the premium is paid, the beneficiary or beneficiaries you choose receive the proceeds of your policy, usually tax-free, if you die during the term.

The term can vary depending on your policy and your needs. This type of policy can make life insurance extremely affordable, allowing you to pay only for the coverage you need.

Generally, the coverage and rate for a term life insurance policy are guaranteed until the term ends. Most companies even offer payment plans to make purchasing a life insurance policy even easier.

Clarifying Coverage

How much coverage is available? Depending on the state you live in, Direct General Life Insurance Company offers individual, one-year term life insurance at levels of $10,000, $15,000 or $25,000. We guarantee that we will renew your policy for two additional one-year terms at the same rate, regardless of changes to your health or age.

What could term life insurance help pay for? Any costs your family might incur if the unthinkable should happen, including:

  • Unforeseen medical bills
  • Rent/mortgage payment
  • Daily living expenses
  • School bills or college tuition

Who Benefits

Who benefits from term life insurance? You and your loved ones. When you sign up for your policy, you choose who your beneficiary will be. This could be your spouse, children, grandchildren and/or other loved ones.

When you buy life insurance, you get the peace of mind that comes with knowing you're doing a responsible thing for the people you care about. Get a life insurance quote today to see just how affordable it can be!

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