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• How do I know what term to select?
  Every life situation is different, so you will need to take your personal obligations into account. Things to consider could be the number of years you have left on your mortgage, or if you have children, the number of years until they complete college. For example, if you have young children and plan to send them to college, you may want to consider at least a 20 year term life policy.
  
• What term lengths are available?
  Depending on your age, level term life insurance protection is available for 10, 15, 20 or even 30 years. *1 We also offer One-Year Term which may be suitable for shorter temporary insurance needs.
• Can I convert my policy from term to permanent?
  If your needs change, so can your coverage; you can convert all or some of your term coverage to a permanent policy for a lifetime of coverage—without a physical, and with no medical questions asked. *2
  
• What are some of the reasons for converting to a permanent life insurance policy?
  • If you take on debt later in life to pay for a child’s or grandchild’s college education or to buy a vacation home
  • If you inherit or build significant wealth and need to plan for taxes and estate settlement costs.
  • If you want to maintain protection and build tax-advantaged cash value within your policy to supplement your retirement income *3

• Can I renew my term life policy after the initial term expires?
  You can renew your policy annually after its initial term expires, up to age 95 (80 in New York). Note, however, that premiums will likely be much higher after the initial term, and will continue to rise each subsequent year. If you anticipate needing coverage much beyond the initial term, consider buying Permanent Life instead, or converting to Permanent Life.
  
• Will my beneficiaries have to pay income tax on my policy’s death benefit?
  Your death benefit will generally be free from income taxes. It is guaranteed as long as the policy remains in force..
  
• Are there optional features that can be added onto a term life policy, and is there a cost associated with these features?
  You can enhance your coverage with these optional features called “riders” for an additional cost:
  • Protection in case of disability
    Waives your payments if you becomes sick or disabled, so that coverage continues.
  • Protection in case of disability with conversion option
    Waives your premium if you becomes sick or disabled, and also allows you to carry over this benefit to your new policy if you convert to permanent insurance. *4
  • Early payment in case of illness
    With an accelerated Death Benefit, you can take a cash advance from your policy if you are terminally ill.
  • Long Term Care Purchase Option
    Allows you to purchase Long-Term Care insurance in the future without evidence of insure-ability, e.g., with no medical exam. *5