Coverage / Term life
Term life insurance
Straightforward coverage for a set period — often the most affordable place to start.
Term life insurance covers you for a fixed length of time — commonly 10, 20, or 30 years. If something happens to you during that term, your beneficiaries receive a death benefit. Because it's temporary and builds no cash value, term life is usually the most affordable way to get a meaningful amount of coverage, which makes it a popular first step for families and homeowners.
Who it's a fit for
- Replacing income while your family depends on it
- Covering a mortgage or other large debts
- Parents who want protection through the child-raising years
- Getting the most coverage for the lowest starting cost
How it works
- Choose a term length that matches your biggest obligations — for example, until your mortgage is paid off or your kids are grown.
- Pick a coverage amount (many people start around 10–15× their income, or use the DIME method).
- Apply by answering health and lifestyle questions; some term products don't require a medical exam.
- If approved, your premium typically stays level for the whole term.
Good to know
- Coverage ends when the term does; renewing later is usually more expensive.
- Term life builds no cash value — it's pure protection.
- Approval, pricing, and term availability depend on your age, health, and underwriting.
- Some applicants may be offered a different term, amount, or price than expected.
Term life — common questions
What happens when my term ends?
Your coverage ends. Many policies let you renew or convert to permanent coverage, usually at a higher cost. A licensed agent can walk you through the options before your term is up.
Can I get term life without a medical exam?
Often, yes. Many term products use health and lifestyle questions instead of an exam. A no-exam outcome can't be promised for any specific person, and every application includes health questions you answer yourself.
See if term life fits your situation.
Start a quick quote, or talk with a licensed agent — no obligation.
Seven16 Life provides general information to help you explore life insurance options. This is not financial, legal, or tax advice.
Coverage is subject to eligibility, the application, and underwriting. Not everyone will qualify, and approval is never guaranteed.
Products and availability may vary and may not be offered in all states.
Coverage is provided and underwritten by licensed insurance providers. Seven16 Life may refer or connect you with licensed providers or partners where appropriate.