Products

Term Insurance

Term Life Insurance

Flexible, temporary, protection with options for your future

Term life insurance provides temporary protection for temporary needs. It also has some flexibility to allow you to make adjustments as your needs change.

There are two options to choose between:

Term insurance - provides coverage for one person
Joint term insurance - one policy that covers 2 people who share a joint risk (e.g. a mortgage). Joint term insurance is available on our Term 100 policy.

Who is term insurance most suited for?

We find that term life insurance is a popular choice for:

Individuals focused on affordability and flexibility
Small business owners facing debts or significant start-up costs
People with mortgages or other temporary debt

We offer 4 term life insurance options: Term 10 insurance Term 20 insurance Term 100 insurance 20-Pay Term 100 insurance

	Term 10 Term 20	Term 100	20-Pay Term 100
Guaranteed premiums	Your premiums automatically renew (at guaranteed rates) at the end of your term
Guaranteed conversion to permanent insurance at any time regardless of your health, occupation or lifestyle	Until the policy anniversary following the insured person's 65^th birthday	N/A	N/A
Guaranteed death benefit	Death benefit is guaranteed not to change for the term you choose.
Renewable	Term 10 - Policy is renewable to age 75 Term 20 - Policy is renewable to age 85	N/A	N/A
Minimum amount	$100,000 (It may be as low as $50,000 on the part remaining at conversion)	Age 35-64 $50,000 Age 65 and 80 $25,000	Age 0-64 $50,000 Age 65 and over $25,000
Maximum amount	$2,000,000	$2,000,000	$2,000,000
Terms available	For ages 16 to 65	For ages 35 to 80	For ages 35 to 80
Options you can choose	Waiver of Premium benefit Accidental Death Benefit Child Protector Benefit T10 Rider T10 Spousal Rider	Waiver of Premium benefit Accidental Death Benefit Child Protector Benefit Joint & Last Survivor option T10 Rider T10 Spousal Rider	Waiver of Premium benefit Accidental Death Benefit Child Protector Benefit T10 Rider T10 Spousal Rider
	More details	More details

When you take out an insurance policy, you become a FaithLife Financial member with the additional benefit of people who care, information to help throughout life and a means for you to be of help to others. Contact your FaithLife Financial representative.