top of page

Term

Life Insurance

Term Life Insurance Overview

Term Life Insurance is a popular choice for those seeking coverage for a limited time. It's designed to address temporary needs or provide a substantial amount of coverage at a relatively low cost.

 

Policy Duration and Structure


These policies offer coverage for specific periods, which can range from 5 to 30 years. Unlike whole life policies, term life insurance typically does not accumulate cash value and ends when it reaches the predetermined maturity date.

Key Features

  • Death Benefit: If the insured passes away during the policy term, the death benefit is paid to the beneficiaries.

  • Policy Termination: If the insured is still alive at the end of the term, the coverage ends, and the policy terminates unless it is renewed or converted to a Whole Life policy.

 

Common Uses

Many individuals choose term life insurance for various reasons:

 

Personal Protection:​

  • Mortgage coverage ensures the house is paid off if something happens before the loan is settled.

  • Additional coverage is available while children are still in school or college.

​

Business Protection:

  • Business owners often use these policies to cover themselves or their partners during the business's operational life.

​

Evolving Policy Features

Over the years, term life insurance policies have evolved to include various rider features for an additional cost:

  • Living benefits

  • Return of premiums

  • Disability premium waiver

​

Renewal and Conversion Options

  • When the policy term ends, your premium may increase if you choose to renew, even if you initially selected a level premium term policy. However, you may also be able to convert your term plan to a Whole Life policy after it ends, even if your health has changed.

​​

Protect your loved ones and secure your financial future today with a Term Life Insurance policy tailored to your needs. Contact Torain White at TWhite Insurance to explore your options, whether interested in new coverage, renewing an existing policy, or converting to a whole-life plan. Act now to ensure peace of mind for yourself and your family.

Medicare has neither reviewed nor endorsed this information. Not connected with or endorsed by the United States government or the federal Medicare program.
Website Developed by

© TWhite Insurance

Torain White Insurance Logo

Torain White

TWhite Insurance

843.212.6395

704.578.9499

torainwhiteins@gmail.com

This is a proprietary website and is not associated, endorsed, or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov.
bottom of page