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Term Life Insurance

A basic life insurance policy for a set period.

What Is Term Life Insurance?

Life insurance provides a payout after your death to the people you designate as beneficiaries. It’s an important safety net if anyone depends on you financially. The life insurance payout can pay debts such as a mortgage, replace your income and provide college tuition funds.

Term life insurance is the least costly insurance for most people.

Compare Term & Whole Life Policies
Term life is sufficient for most families who need life insurance, but whole life and other forms of permanent coverage can be useful in certain situations.

Choose term life insurance if:

  • You need life insurance only to replace your income over a certain period, such as the years you’re raising children or paying off your mortgage
  • You want the most affordable coverage
  • You think you might want permanent life insurance but can’t afford it. Most term life policies are convertible to permanent coverage. The deadline for conversion varies by policy.
Policy features Term life insurance Whole life insurance
Choice of policy length
Provides lifelong coverage
Premium generally stays the same
Low premium
Life insurance payout amount is guaranteed
Accumulates cash value
Might be eligible for annual dividends

Tip

Term Life insurance is a great solution for covering a specific need, such as a mortgage, car loans, and having a set amount set aside for education, if you have children who are not out of the house yet.

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"From our first meeting to the last, our representative was professional, knowledgeable, patient, and quick to respond to our texts, emails, and phone calls!! Nothing but glowing things to say about him and Buffer Benefits!"

Paula Hodges

“My husband and I came to see Buffer Benefits regarding our future plans, specifically Medicare. Our representative took time with us to fully explain everything to our satisfaction and offered very knowledgeable suggestions. We loved his pleasant demeanor and candor, especially his sense of humor. The offices were beautifully decorated so warm and homey and we had a great experience there all around. Thanks so much for your help Buffer! “

Robyn Johnson

“I received excellent and very personal help in making all my insurance decisions. I highly recommend Sean Turner and this group, They are there to serve and help any way they can.“

Joy De Luis

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