TERM LIFE INSURANCE
Term Life Insurance
Term life insurance provides a fixed death benefit for a specific period of time. It is a cost-effective way to protect your family's financial future without the premium costs of permanent coverage. At Switch Life, we offer flexible term plans designed to meet your unique financial goals and priorities.
Explore Available Term Life Insurance Durations
Term life insurance provides protection for a specified period. Depending on the insurance carrier, available term lengths may include 10, 15, 20, or 30 years. Eligibility for a particular term depends on age, underwriting requirements, the selected product, and state availability.
Choosing an appropriate coverage duration involves considering how long your financial responsibilities may continue, such as raising children, replacing income, or paying a mortgage.
Understand Your Premium Options
Many level-term life insurance policies provide premiums that remain unchanged during an initial guaranteed period, provided the policy stays in force. After that period, coverage may expire or continue under renewal provisions that may involve higher premiums.
The exact premium structure, guarantees, and renewal features depend on the policy and insurance carrier.
Protection When Coverage Takes Effect
Term life insurance may provide a death benefit to designated beneficiaries if the insured person dies while qualifying coverage is in force. Coverage begins only when the insurance company's applicable effective-date requirements have been satisfied.
Benefits are subject to the policy's terms, exclusions, limitations, and claim requirements.
REAL-LIFE PROTECTION
Protection for the Years That Matter Most.
Term life insurance is designed to provide financial protection for a chosen period. It can be useful when important responsibilities, such as a mortgage, family support, or income replacement, are expected to continue for a defined number of years.
Protecting a Growing Family
Term life insurance may provide financial support to beneficiaries if the insured passes away during the policy term. The death benefit can help address household expenses, childcare, and other responsibilities.
Supporting Mortgage Obligations
Coverage may help beneficiaries manage or repay a mortgage if a covered death occurs while the policy is in force.
Replacing Household Income
Life insurance proceeds may help dependents manage lost income and important expenses during a financial transition.
How Long Should Your Term Life Insurance Last?
The appropriate term depends on how long you expect your financial responsibilities to continue. Some insurers offer policy durations such as 10, 20, or 30 years, subject to age and product availability.
10-Year Term
A Shorter Protection Period
May be worth exploring when your remaining financial responsibilities are expected to last approximately another decade.
​
Available term lengths, premiums, and eligibility vary by insurance carrier and applicant.
20-Year Term
Protection Through Important Milestones
May help align coverage with responsibilities such as raising children, replacing income, or repaying a mortgage over a longer period.
30-Year Term
Longer-Term Protection
May be considered by people with young dependents or financial obligations expected to continue for many years.
​
Choose Coverage Around Your Responsibilities.
There is no universal life insurance amount that fits every household. A practical starting point is to consider your financial responsibilities, the duration of those needs, and resources already available to your beneficiaries.
Income Replacement
Financial support needed by dependents.
Mortgage and Debts
Obligations you want coverage to address.
Children's Needs
Childcare, education, and ongoing support.
Existing Savings
Available assets intended for those responsibilities.
Current Insurance
Existing death benefit coverage and its limitations.
Explore Term Life Insurance With Confidence
Speak with Switch Life to learn about available term life insurance options, coverage durations, and important policy features.
Policy Expiration
When the coverage period ends, the death benefit protection generally ends unless coverage continues under the policy's terms.
Renewal Options
Some term policies permit renewal, but premiums may increase substantially. Renewal rights and available periods depend on policy provisions.
Conversion Privileges
Certain policies allow conversion to eligible permanent life insurance without a new medical examination, subject to deadlines and other requirements.
Questions About Policy Durations? Call (800) 488-8014
Four Things to Know Before Choosing Term Life Insurance
Understanding how term life insurance works can help you select coverage that aligns with your financial responsibilities and expectations.
Coverage Duration
Coverage Amount
Renewal and Conversion
Consider how long your family may need financial protection and which policy terms are available.
Review income replacement needs, outstanding debts, dependents, and resources already available.
Certain policies offer renewal or conversion options, subject to contractual requirements and deadlines.